Challenge / Opportunity: Repeat Borrower with a neighborhood retail strip center wanted to build on an existing corner pad in a well located area. Borrower needed capital to pull permits and go vertical with a cold shell for a NNN fast food restaurant.

Solution Provided: Redwood Mortgage funded a new $2,200,000 senior loan at 61% LTV on this performing asset. Redwood Mortgage was able to provide funding under our Low Doc – Streamline program. Property was held in an Irrevocable Trust.