Irvine, CA --(PR.com)-- Spectrum Commercial Lending, a leader in commercial real estate financing provided their client with a cash-out refinance loan of approximately $600,000 on their 8 unit, 11,000 SF retail strip center that the client had fully developed himself.
The borrower had purchased raw land in 2007 and did all of the entitlement work, construction, advertising and leasing himself. All of this was paid out of pocket by the borrower who now wanted to put some debt on the subject property.
Spectrum was able to arrange such a loan which fit right into the clients’ parameters and goals for the subject property.Spectrum Commercial Lending is located at 2070 Business Center Dr., #285 Irvine, CA 92612. For more information on Spectrum Commercial Lending, please contact Michael Muetzel at (714) 841-5255 x54 or email at m.muetzel@contactspectrum.com.
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