BOLOUR Funds 2nd TD Industrial Loan

Dublin, CA

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.

HIGHLIGHTS

Quick Close

Multiple Borrowing Entities

Borrower Cash-Out

No Intercreditor Agreement

Weak Borrower Financials