$1,750,000 | 1st & 2nd TD Loan | San Diego, CA

$1,750,000 | 1st & 2nd TD Loan | San Diego, CA

RTI funded a $1.75M loan on a newly built 7-unit multifamily property in an up-and-coming pocket of San Diego seeing increased investor activity. The borrower—a CBRE broker and experienced builder—used the funds to complete construction and prepare for sale. With strong projected rents and over $660K already invested, the deal closed at 66% CLTV.