Cash Out Refinance of Industrial Building
Lone Oak Fund was contacted by a group of foreign investors in need of funds for a rapid close on an upscale retail building in San Francisco. The property is located in the fashionable Union Square district, and is currently leased to a notable art company. Lone Oak’s $5.0 million loan was at a considerably low LTV, as the Borrower had ample cash coming in from overseas. Lone Oak was able to turn around the loan docs in less than 48 hours for a successful close.