$7M San Francisco Industrial Refinance
Lone Oak Fund provided a $7,000,000 first trust deed secured by a 46,000 square foot industrial building in the Dogpatch neighborhood of San Francisco. The 55% LTV loan was used to consolidate debt for the owner-operator. The Loan is priced at 7.90% interest only and 1.0 point for 6 months. No prepayment penalty and no personal guaranty.