Arriba Capital Closes $512,000 Loan: National City, CA

Arriba Capital successfully closed a $512,000 cash-out refinance for a 6,200 S/F industrial warehouse property located in National City, CA.

The new loan refinanced an existing SBA 7a loan. The 5-year loan, 25-year amortization, was sized to 70% LTV and priced at 4.80%. From start to finish the loan was closed in just under 45-days.