CB Single Property
Single Tenant Retail Dept Store
Oakland, CA
$1,000,000
17,000 Sq. Ft.
Overview
A 17,000sf single tenant department store. Two-story, built in the 1970s. Borrower owned the property debt free.
Borrower desired to use the property to raise capital for investment in a separate venture. The separate venture required quick action, yet the Borrower did not want to lose out on securing the very best interest rate in the market.
Pathfinder negotiated a loan with one of its correspondent insurance company relationships. By leveraging its relationship, Pathfinder obtained the absolute lowest market interest rate for the Borrower while simultaneously funding the transaction within the very tight closing deadlines.
Borrower desired to use the property to raise capital for investment in a separate venture. The separate venture required quick action, yet the Borrower did not want to lose out on securing the very best interest rate in the market.
Pathfinder negotiated a loan with one of its correspondent insurance company relationships. By leveraging its relationship, Pathfinder obtained the absolute lowest market interest rate for the Borrower while simultaneously funding the transaction within the very tight closing deadlines.
Trusted Guidance. Reliable Results.
© 2020 All Rights Reserved. Pathfinder Mortage Corporation