Dollar General – Refinance
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Dollar General – Refinance

Ontario, CA

$1,600,000

Ontario, CA

Funding Purpose

Refinance out of current loan to capitalize on lower interest rates for a long term hold. 

Property Description

13,000 SF building located in San Bernardino County, CA

Sponsors

Experienced Real Estate investor

Challenges

  • Current Loan had a 1% prepay penalty 
  • Environmental Company Suggested Phase 2

Solutions

  • Sourced new loan that made sense to borrower covering all fees associated with new financing and still saving money.
  • Used old phase 1 and ow leverage to mitigate phase 2 recommendation.

Funding

  • Loan Amount: $1,600,000
  • Interest Rate: 3.37%
  • Amortization: 30 years
  • Term: 10 years
  • Recourse: Full
  • Prepayment: None


Eric Alvarez

Eric Alvarez

TITLE

Associate Director | Capital Advisor

Matt Ingle

Matt Ingle

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