Location: El Dorado Hills, CA
Loan Amount: $395,000
Interest Rate: 12.00%
Term/Amortization: 12-Month / Interest Only
Loan to Cost: 65%
Purpose: The loan was used to acquire a 6,000 SF unfinished office shell building on 2.48 acres in El Dorado Hills, CA. The sponsorship is in the process of securing an SBA 504 loan to complete the office build-out and construct 26,000 SF of industrial / warehouse space.