$290,000 | 2nd Trust Deed | City of Industry, CA

$290,000 | 2nd Trust Deed | City of Industry, CA

$290,000 | 2nd Trust Deed | City of Industry, CA. The borrower was seeking a $2,750,000 bridge loan to purchase an industrial property in City of Industry with plans to occupy the building and expand their business operations. The borrower had been approved for an SBA 504 loan at 90% LTP, however the process with the bank was delayed risking the borrowers high six figure deposit to be lost if the transaction did not close on time. RTI arranged a $2,460,000 1st Trust Deed and funded a $290,000 2nd Trust Deed loan to complete the capital stack enabling the borrower to seize this investment opportunity.