At a Glance

San Jose, CA

Property Type Commercial
Security 1st Trust Deed
Loan $4,830,000
Value $6,900,000
LTV 70%
Term 6 months

The subject property includes an 11,000+ square foot commercial building and an adjacent parking lot.

The property lies within an Opportunity Zone.  The $4,830,000 loan was used to close the purchase of the property.  The Borrower, a qualified Opportunity Zone fund, will submit plans redevelop the property into a new 60,000 square foot office and retail building.