$1,150,000 | 1st TD Loan | Venice, CA

$1,150,000 | 1st TD Loan | Venice, CA

$1,150,000 1st TD JUST FUNDED on a retail office standalone building in Venice, CA. Borrower’s conventional loan came due and they were unable to refinance due to a last-minute contingency. The bank required a specific amount of reserves to close, so RTI refinanced their property including the cash out for the cash reserves required, putting the borrower in position to secure a conventional loan in the near future.