Funding Purpose
Place SBA Financing to provide capital for sponsor to expand their business and move into a larger facility.
Property Description
32,00 s.f. Freestanding Industrial Building with Warehouse and office space located in Orange Country, CA.
Sponsors
Sponsor has operated a successful Biopharma company for the last 30 years and now has the opportunity to expand and move into a building almost double the original size.
Challenges
- Comapany income dipped between March 2020 and August 2020.
- Short timeline to close.
Solutions
- Through strong lender relationships we were able to base NOI off income pre-covid and post August 2020, and most importantly close on time.
Funding
- Loan Amoutn (LTV): 90%
- Interest Rate: – 3.38%
- Amortization: – 25 years
- Term: – 25 years
- Recourse: Recourse
