This loan provided for the acquisition of a 2.9-acre industrial site with three buildings that had known historical environmental issues in a strong industrial area of Fullerton. Our loan was 52% of value but 100% of cost due to market increases during the five years it was in escrow.
- Property Type : Multi Family
- Loan Type : Construction Loan
- State : California
- City : National City
- Funded Amount : $31,280,000
