Mixed-Use Loan in California

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Mixed-Use Loan Oakland California - Commercial Direct

Closed Loan in Oakland, California

Purpose: Cash-Out Refinance
Loan Amount: $530,000
Location: Oakland, California
Broker Made: $15,900

Challenge:

  • Investor sought to refinance two properties in a strip center and purchase an adjacent vacant lot.

Solution:

  • Commercial Direct provided a blanket loan for the 3 adjacent properties that included the cash-out necessary to purchase the lot.
  • Deal was funded using Commercial Direct’s Lite Doc Program.
  • Closed in less than 30 days.

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