SQUARE FOOTAGE: 18,309 square foot building on 47,045 square foot lot
LOAN AMOUNT: $1.35 Million
LOAN TYPE: Commercial-Church
STATUS: Paid Off
DESCRIPTION: A commercial church facing downsizing needed financial support while waiting for a low-income housing developer to finalize the purchase of its property, which was delayed by a lengthy permitting process. The loan provided crucial funding for the church’s operational expenses, ensuring it could stay open until the developer completed the sale and closed escrow.