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Purchase of Multi-Tenant Retail & Parking Lot

Gold Bridge Capital Solutions Commercial Property Retail and Parking Lot Purchase
Gold Bridge Capital Solutions Commercial Property Retail and Parking Lot Purchase

Transaction Details

$1,470,000 ‘Soft Money’ Commercial Loan

Underperforming Multi-Tenant Retail + Parking Lot

San Jose, CA

Challenges

 

  • Cash Flow from borrower’s business would NOT debt service so could not go SBA without other collateral.
  • Client is expanding family restaurant franchise.
  • Restaurants in this environment are still tough for most lenders to get comfortable with.

Solution

  • Higher Leverage 70% LTV Loan Amount
  • 30-Year Term/Amortization (True 30-Year Loan)
  • 10 Years Interest-Only to keep the payment low and cash flow high
  • Step-down prepayment for flexibility during the I/O period
  • FLEXIBLE Underwriting – NO PERSONAL INCOME documents
  • **Mrtg Banker Partner Referral Fee Paid**

Let’s Start On

YOUR PROJECT