$3,000,000 Acquisition, Retail Condos, San Jose, CA
11 units multi-family building in San Jose, CA. The property is well located to be closed to major tech companies. There are rent upsides which the borrower will be able to capitalize through rent increases and possible tenants’ turnovers.
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$1,750,000 Interest Only Acquisition Financing with a Built-In Future Advance, San Jose, CA
Chessboard Capital, Inc. placed a $1,750,000 senior loan for an 11 units multi-family building in San Jose, CA. The property is well located to be closed to major tech companies. There are rent upsides which the borrower will be able to capitalize through rent increases and possible tenants’ turnovers.
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$1,265,000 Speculative Construction Loan, Fixed Rate at 5%, Belmont, CA
There are rent upsides which the borrower will be able to capitalize through rent increases and possible tenants’ turnovers.
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