$1,470,000 ‘Soft Money’ Commercial Loan
Underperforming Multi-Tenant Retail + Parking Lot
San Jose, CA
- 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.
- 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**