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CARLSBAD, Calif., Jan. 6, 2021 /PRNewswire/ Marabella Commercial Finance, Inc. originates a cash-out loan for both the 7-Eleven and Walgreens properties and a refinance of the Burger King property.
Marabella Commercial Finance - Completed Transactions / Happy New Year 2021
Marabella Commercial Finance, Inc. funded a $1,710,000 loan for a 7-Eleven corporate leased property in Los Angeles, CA.  The sponsor developer for this transaction put 7-Eleven into an existing center and a hard money loan on the property consisted of approximately $1,300,000. MCF refinanced the existing loan balance of $1,300,000 and gave the sponsor an additional $410,000 in cash-out funds to reimburse the developer for funds the developer spent on Tenant Improvements. This loan had a fixed rate of approximately 4.125% for 5 years with a 25-year amortization. There was no prepayment penalty with this loan. Due to the no prepayment option, the developer ....

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