$1,050,000 | 2nd Trust Deed | Irvine, CA

$1,050,000 | 2nd Trust Deed Loan | Irvine, CA

RTI funded a $1.05M second trust deed for the acquisition of a 19,894 SF industrial building in Irvine, CA. Closing at just 59% CLTP, the borrower used the bridge loan alongside a $4.5M first to purchase the $9.4M asset, with plans to refinance conventionally.