SQUARE FOOTAGE: 1,328 square foot building on 12,371 square foot lot
LOAN AMOUNT: $200,000 then an additional $350,000
LOAN TYPE: Combination – Store and Residential
STATUS: Paid Off
DESCRIPTION: This property posed a challenge for the borrower in securing a loan due to its mixed-use nature, featuring an auto body shop at the front and three residential units located behind it. The financing was arranged to enhance the residential spaces, resulting in a fully paid-off bank loan once the units were completed and leased. Pacific West Mortgage Fund specializes in assisting borrowers with unique and typically challenging needs, such as financing mixed-use properties.