Closed Loans

Closed Loan in California

Closed Loan in Santa Maria, CA

Property Type: Automotive
Purpose: Refinance
Loan Amount: $265,000
Location: Santa Maria, CA
Broker Made: 
$5,300

The owner of an automotive property in California wanted to refinance their commercial loan and lock in a lower rate. Though many lenders in today’s market do not finance automotive properties, Silver Hill Funding was able to provide a 5-year loan with an interest rate of just 6.125%.