Commercial Mortgage Loan Closings
1002 SECOND STREET
Collateral
Securities or other properties pledge to support the financing of commercial loans. For example, putting the deed to a duplex rental in trust as collateral is one way to secure a commercial mortgage.
STEELHEAD CAPITAL PROVIDES $2.52 MILLION LOAN FOR 1002 SECOND STREET, SAN RAFAEL, CA.
San Francisco, CA
Opportunity: Owner of the country’s fourth largest tie manufacturer needed to refinance and pull cash out to finance additional business opportunities.
Challenges: Finding lenders willing to allow an Owner/Occupant to use their real estate as collateral in a softening office market.
Solution: Steelhead Capital was able to obtain a fixed rate long term loan at 7.5%, thereby refinancing existing floating rate debt and providing approximately $1,000,000 to the company to grow their business.
Steelhead Capital is a premier provider of creative financing solutions for commercial real estate loans. Steelhead Capital brings an extensive network of loan sources, structured finance experience with a focus on commercial real estate acquisitions, and a clear commitment to personalized customer service to investors financing properties in any of the 50 states. Steelhead Capital's corporate offices are located in San Francisco, CA.
