Riverside, California Hard Money Blanket Refinance Loan
Industrial Condominiums

Lien Position: 1st

Loan Amount: $600,000

Loan to Value: 51%

Term: 24 months with no prepayment penalty

Details: This hard money industrial blanket refinance loan in Riverside, California was provided by Source Capital Funding to a repeat client with an LLC. The borrowers owned two adjacent industrial condominiums and needed quick financing to expand their trucking business and purchase additional vehicles and inventory.