San Diego Retail Property
Property Details
Location
Property Type
Loan Amount
San Diego County, CA
Retail
$7.2MM
LTV
DSCR
Rate / Term
59%
1.17
5% / 7 year fixed 10 year term
- 25 year amortization
Challenge
Borrowers looking for a blanket loan over a portfolio of commercial properties. Properties had a low combined underwritten DSCR and weak historical operating history.
Solution
Axos Bank was able to get comfortable with the scenario due to borrowers’ ownership and management experience, significant net worth, and established depository relationship with the bank.
