A hard money Cross Collateral loan closed on three investment properties in Ventura, CA 93003
This loan against one Commercial Building and crossed against two Residential SFR investment dwellings provided restructuring capital for a maturing loan and to position the Commercial building for disposition.
Ventura is a California coastal community officially named San Buenaventura, was founded in 1782 when Saint Junipero Serra established Mission San Buenaventura, the ninth of the California missions. Serra named the mission after the Italian Saint Bonaventure, hence the nickname that Ventura is the “city of good fortune.” Located along the Pacific Ocean between Los Angeles and Santa Barbara, the City was incorporated in 1866.
Commercial & Residential SFR.
Purpose – Restructuring Capital
Loan-to-Value (As Is): 55%
First Trust Deed
24 Month Term
Principle & Interest Payments
Ventura County, CALIFORNIA
PRINCIPAL AMOUNT: $1,170,000.00