SQUARE FOOTAGE: 3,704 square foot building on 8,058 square foot lot
LOAN AMOUNT: $100,000
LOAN TYPE: 4 Units of Residential Income
STATUS:: Paid Off
DESCRIPTION: The borrower owned a 4-unit apartment building, but faced challenges with high vacancy rates and the poor condition of two vacant units. They came to Pacific West for a loan,which allowed them to quickly refurbish the empty units and get them rented out. As a result, the property’s occupancy and overall value improved significantly.