VENTURA OFFICE BUILDING

LFB successfully arranged $1,200,000 for the refinance of a 5,600 square foot office building in Ventura, CA. The borrower has owned and operated their family business out of the building for over 14 years. The borrower was in need of a new loan in order to refinance maturing debt and pay off back taxes. LFB quickly identified a bridge lender who provided a 70% LTV cash out refinance to recapitalize the debt. The recapitalization of previous debt and payment of back taxes will put the borrower in a better position to obtain permanent financing in order to exit the bridge loan.

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