Deal Type: Cash-Out Refinance
Loan Amount: $1,450,000
This loan request came to Stronghill Capital to refinance the borrower’s existing mortgage and to finish some renovations on the property. The loan is secured by a portfolio of mixed-use buildings located in Martinez, California, in the San Francisco-Redwood City-South San Francisco metropolitan statistical area. There were some obstacles that arose late in the process, but Stronghill was able to overcome them and get the borrower the funds they needed less than 30 days after the full deposit was received. The properties totaled 23,850 square feet.