$1,500,000 SBA-7(a) Purchase Loan in Los Angeles, CA
+ 85% Loan-to-Value
+ SBA 7(a) Loan Execution
+ 25-yr term / 25-yr amortization
+ No additional collateral required
Sequoia Commercial Lending has closed the SBA 7(a) purchase loan for a 6,500 SF Lot with two separate office buildings in a prime area Los Angeles. Our borrower is a strong Development and Design company whom is seeking additional office space closer to several of their downtown Los Angeles related projects. The transaction was originally structured as an ‘All-Cash’ purchase, however the borrower decided to pursue a loan while in contract. Sequoia was tasked with closing the loan in 21-days and delivered as promised. For more information on SBA-7(a) loan requests please contact us at 424-500-8520.