David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
CORONA, CA—The loan on 203-unit Valencia Terrace, which was used to refinance an existing construction loan by BBVA Compass, features a 67 percent loan-to-value (LTV) ratio and amortizes over 30 years.