Tiller Hill Capital Closes $1,760,000 Acquisition Loan on Multi-Family Property in Porterville, CA

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Tiller Hill Capital has closed a $1,760,000 loan for the acquisition of a 43 unit multi-familyproperty in Porterville, CA. Financing challenges included significant deferred maintenance, tertiary market location and a tight timeline dictated by a 1031 exchange. Local lenders were offering only short-term fixed rate financing with rates over 5%. We arranged a 12-year fixed-rate, non-recourse loan with a interest in the low 4’s and closed in time to satisfy the 1031 exchange.

Tiller Hill Capital Closes $700,000 Commercial Mortgage on Mixed Use Property in Redwood City, CA

Tiller Hill Capital has closed a $700,000 commercial real estate loan on a mixed use property in Redwood City, CA. The property is owner-occupied and includes retail space on the ground level and office space and an apartment upstairs. A new 5-year fixed rate loan with a 25 year amortization was arranged that retired existing first and second lien financing.

Tiller Hill Capital Closes $950,000 Acquisition Financing of Mixed Use Property in Fremont

Tiller Hill Capital has closed a $950,000 commercial real estate loan package for the acquisition of a mixed-use property in Fremont CA. The borrower is the current tenant of the commercial portion of the property, operating a bar specializing in craft beers. The property includes both commercial and residential structures. The commercial real estate loan enabled the borrower to acquire the mixed-use property at an attractive price with minimal down payment.

Tiller Hill Capital Closes $1.95M Loan On Two Oakland NNN Commercial Buildings

Tiller Hill Capital has closed a $1.95M loan secured by two commercial buildings in Oakland. Both buildings are single tenant under NNN leases, one a bank and the other a restaurant. The refinance allowed the owner to retire non-related debts, lock in an attractive current rate and maintain flexibility to allow for future redevelopment of the properties.

Tiller Hill Capital Closes Refinance of Fresno Apartment Property

Tiller Hill Capital has closed a refinance of a Fresno apartment property. The refinance allowed the owner to lower their interest rate and to take cash out to make another investment. Rates were fixed for 10 years on a 30 year amortized loan with a declining prepay penalty. Many lenders are still not making loans in Fresno and other central valley areas. However, Tiller Hill Capital was able to secure financing that achieved the owners objectives.