South End Capital Closes a $1,205,000, 167% LTV Loan Secured by a 5 Acre Dog Kennel Located in Rural CA
August 13, 2019
We provided a $1,205,000, 167% LTV loan which included about $300K of working capital and consolidated $900K of debt. The property housed the borrower’s business and primary residence. Monthly business debt was reduced from roughly $14K to $9K. The final rate was 8.25% and was amortized over 25 years.