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$1,850,000 – Vacant Mixed-Use Building Purchase

​Loan Amount





8,334 square foot mixed-use building on a 3,484 square foot lot


​Santa Barbara, California

​Purpose of Loan

​Purchase of mostly vacant mixed-use building

​Exit Strategy

​Permanent financing after leasing up vacant units

​Long Term

​12 Months with a 12 month option to extend


9.90% interest only

​Additional Terms

​No prepayment penalty. No yield maintenance. Non-recourse.



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