Mixed-Use Purchase

The subject property is a four-unit commercial building located one block from Santa Clara University.

The property was originally foreclosed on and the Borrowers were able to purchase it directly from the bank. Due to the vacancies, they were unable to obtain traditional financing and Hamilton Ridge originated a $828,750 loan to close the purchase. Shortly after the close and renovations, the borrowers leased-up the property and refinanced with a traditional lender.