San Diego, CA
The subject property is an office condo located in The El Cortez building, a historic high-rise in downtown San Diego. The condo also includes a 1,272 square foot balcony with views of downtown.
The borrower, an existing sub-leaser of the office, decided to purchase the office condo and leaseback part of the space to the seller. The new borrower requested a 2 year bridge loan until he can qualify for a conventional refinance.Back