MULTI STATE COMMERCIAL PORTFOLIO
LFB successfully arranged $26,500,000 for the refinance of five separate properties across two states. The portfolio consists of two retail buildings and one office building in California, and two industrial buildings in Nevada. The refinance allowed our client to increase leverage from roughly 65% to 80% LTV, resulting in a $12,000,000 cash out for business purposes. The sponsor is a repeat client and an owner-user based in Southern California.