$1,600,000 Acquisition in Sunol, CA
This loan allowed for the acquisition of nearly 140 acres of vacant land, ready for an equestrian business with barn type buildings. Two other free and clear commercial buildings were used as cross-collateral, all of which were in first position deed of trust.
Loan Amount: $1,600,000
Loan Term: 24 months
CLTV: Under 40%
Loan Position: 1st Deed of Trust on all properties. Additional Collateral located in Union City, CA and Fremont, CA
Above additional collateral located in Fremont, California
Above additional collateral located in Union City, California