BOLOUR has provided financing on an owner-occupied industrial building in Dublin, CA. The loan will provide the sponsor’s business with needed working capital. Pre-payment penalties on the existing 1st Trust Deed prevented the borrower from obtaining a new higher leverage loan.
BOLOUR provided a 24-month, 2nd trust deed loan at 60% of the total property value.
Multiple Borrowing Entities
No Intercreditor Agreement
Weak Borrower Financials