Deal Type: Rate-term Refi
Loan Amount: $385,000
This request was for a rate/term refinance secured by a 2,700 square foot commercial retail property via the borrower’s broker. The property is located in Rialto, California within the Riverside-San Bernadino-Ontario MSA. The property was 100% occupied and the funds will be used to pay off existing debt. The broker was paid 2 points at closing.