SDC Capital funded a cash out loan on a single-tenant industrial building with warehouse and office space in need of updates in Orange County. The borrower, a long-time owner-user of the property, needed funds to improve a showroom space and make other updates. The loan included roughly $400,000 cash out to borrower to complete the work.
$1,336,500 cash-out refinance at 55% LTV
24 month term
8% interest rate for 1st year, 8.5% rate for 2nd year