Home > Case Study, Commercial Real Estate, Construction, HELOC, Line of Credit, Term Loan > Case Study – CRE Loan/Business HELOC

Case Study – CRE Loan/Business HELOC

February 28, 2016 Leave a comment Go to comments

OPPORTUNITY: Purchase 6,382 sq ft creative office space in Santa Monica, CA.

PROFESSION: Jewelry/CRE NET WORTH: $100MM

SOLUTION: 5 Year Prime based variable rate Interest only loan/
5 Year Business HELOC

Value: $4,300,000

Down Payment: $500,000

Loan: $2,000,000

DSCR: 1.40x LTV: 47% DEBT YIELD: 14.99%

RLOC: $3,000,000

DSCR: 2.81x LTV: 60%

OPEN

If you have a similar case, or question, please e-mail Craig Isaac on craig.isaac@bancofcal.com

Categories: Case Study, Commercial Real Estate, Construction, HELOC, Line of Credit, Term Loan Tags: , , , , , , , , ,
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