Industrial Properties

Escondido, CA

  • Loan Amount: 3,700,000
  • Property Type: Industrial
  • Producer(s): Carl W. Fuller

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Carl Fuller financed the purchase of a 56,532 square foot industrial building in Escondido, CA. The funds were provided by a life insurance company correspondent and was set for a 10 year term and 30 year amortization. The lender acommodated a 1031 exchange by first providing "like kind exchange debt" and then issued an additional advance to meet the proceeds desired for the purchase.