SECC Funds $211,750 Loan for the Purchase of Vacant Bowling Alley

SECC is pleased to announce the funding of a $211,750 acquisition loan for the purchase of a vacant bowling alley in California. The borrower confronted many barriers to obtaining financing prior to being introduced to SECC who was able to provide a 25 year fixed rate stated income loan. Most lenders would shy away from a vacant special purpose property in a tertiary market, but SECC delivered enabling the borrower to capitalize on this opportunity.