Apartments, Santa Clara $250,000 – 2nd Loan

Apartment loan financing

Apartments, Santa Clara
$250,000 – Second Loan

Purpose: Replace roofs on all buildings
Number of Units: 80
First Loan: $4,768,000
Terms: Interest only @8.75% for 3 years.
3 Points.
Comments: Property being “rehabed” for future sale. We made disbursements to roofer as work was being completed.