Santa Monica Auto Repair

 In RECENT TRANSACTIONS

Did you know that Lone Oak Fund, LLC makes loans on auto related properties?

1st Trust Deed Amount:$900,000
LTV:50%
Property Type:4,520 square foot auto-related building on a 8,995 square foot lot
Purpose of Loan:Rate & term refinance
Exit Strategy:Permanent financing
Broker Commission:$9,000

Lone Oak Fund, LLC funded a $900,000 first trust deed on an auto body shop in Santa Monica. The Borrower has owned the property for more than 20 years and leases the property to an auto repair tenant. The Borrower’s existing loan was coming due and he did not have time to refinance with a conventional lender.

 

 

 

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