Office, Retail, Land

Please call for current rates and fees.

Office Building – San Jose
$2,500,000 – First Loan
Purpose: Purchase
Type: 4-story office building
Terms: Interest only @ 8.25% for 3 years.
3 Points.
Comments: Borrower purchased the property in bankruptcy. Borrower was a partnership.

Retail Center – Fremont
$1,500,000 – First Loan
Purpose: Purchase
Type: Strip Retail Center
Terms: Interest only @ 8.25% for 3 years.
3 Points.
Comments: Proceeds used to aid in the purchase of the property. Borrower was a partnership.

Retail Center – Fremont
$1,500,000 – First Loan
Purpose: Purchase
Type: Strip Retail Center
Terms: Interest only @ 8.25% for 3 years.
3 Points.
Comments: Proceeds used to aid in the purchase of the property. Borrower was a partnership.

Other Past Saratoga Capital, Inc. Commercial Loans

Office Building, San Jose
$675,000 – Second Loan
Purpose: Refinance second loan
Type: 4,500 sq. ft. office building on The Alameda.
Terms: 30 year amortization, loan due in 7 years. 8.75% interest only payments.
3 Points.
Comments: Income of property just covers debt, taxes and insurance. Borrower inherited property. Fast funding required.

Office/Retail Building, Los Gatos
$1,450,000 – First Loan
Purpose: Purchase
Type: Mixed use building
Terms: 5 years @ 8.50%. 3 Points.
Comments: From loan application to close was 5 business days.

Lot, Campbell
$500,000 – First Loan
Purpose: Purchase
Type: Finished lot
Terms: 2 years @ 8.99%. 5 Points.
Comments: Lot was purchased for $600,000. Additional security was a second on the borrower’s home. From loan application to close of escrow was 6 business days. Buyer would have lost his $25,000 deposit if he had not closed escrow in 6 business days from our receipt of loan request.

Office Building
Downtown San Jose
$2,500,000 – First Loan
Purpose: Purchase
Type: 4 story office building
Terms: Interest only @ 8.00% for 5 years.
3 Points.
Comments: Borrower purchased the property from bankrupt seller. marginal tenant profile with high vacancy.

Retail Center, San Jose
$1,500,000 – First Loan
Purpose: Purchase
Type: Strip retail center
Terms: Interest only @ 8.25% for 5 years.
3 Points.
Comments: The property was in need of rehabilitation which the borrower had funds to accomplish.