Commercial Mortgage Loan Closings
1208 HOWARD STREET
Owner Occupied
Identifies whether all or part of the property is occupied by the owner or any agent or representative of the owner. In commercial underwriting, owner-occupied space may be marked to market if there is a difference between contact rent and market rent.
STEELHEAD CAPITAL PROVIDES $5 MILLION LOAN FOR 1208 HOWARD STREET, SAN FRANCISCO, CA.
San Francisco, CA
Opportunity: The borrower operates a design and event planning business in San Francisco. They needed financing to acquire the property they were currently renting.
Challenge: Finding owner-occupied financing for single-tenant space is not readily available through conventional lenders.
Solution: Steelhead Capital was able to arrange a long-term 90% LTV loan through a local SBA lender. The high leverage and long term provided extremely competitive financing for the buyer who was expecting to put considerably more equity into the purchase.
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.
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