Strip Mall – Cash Out Refinance

Whittier, CA


Funding Purpose

Refinance his current loan since his lender would not extend his mortgage that was due

Property Description

6 tenant retail building in Whittier, CA


Avid Real Estate investor who owns 10+ properties and actually started his journey with a very successful outdoor swap meet business


  • Very short term MTM Leases


  • Was able to tell the story that 90% of the tenants had occupied the space for more than 10 years


  • Loan Amount (LTV): 60%
  • Interest Rate: 3.5%
  • Amortization: 25 Y
  • Term: 5 Y
  • Recourse: Non Recourse 
  • Prepayment: Allowed

Managing Director  | Capital Advisor