A non-profit organization was gifted a 72,000 square foot high-tech manufacturing facility in a well-known industrial park of San Jose, CA. After flying down and finishing our due diligence, we arrived at a $3.5M cash value for the property and approved a requested loan amount of $2M. The borrower was extremely pleased with the level of service and expects to refinance us down the road when they can better verify income for traditional lending sources.
