DOMINION has provided a $2,200,000 first trust deed and a $2,300,000 line of credit second trust deed loan for a specialty food distributor in Chico, CA.  The senior debt at Prime plus .50% was to consolidate all existing debt and provide for some working capital.  The junior loan funded simultaneously was written at Prime plus 1.0% and was based on future value because the loan will be utilized to expand the building.  The junior loan will be disbursed in increments based on the construction budget without the use or cost of a construction fund control.

 

This is just one example of the creative financing structures DOMINION offers.  Whether your next loan is on special purpose properties, mixed use, healthcare, hospitality or the more typical property types like office, retail, or industrial, your next call should be to DOMINION.