$11,400,000 – Newly Constructed Apartment Building

 In RECENT TRANSACTIONS

Loan Amount $11,400,000
Transaction Refinance
Collateral 46,984 square foot newly constructed, 36 unit apartment building on a 23,240 square foot lot
Location Ladera Heights, California
Purpose of Loan Pay off existing construction loan
Exit Strategy Permanent financing
Loan Term 6 months
Rate & Fee 5.90% interest only; 0.50 point Origination Fee
Additional Terms No prepayment penalty. No yield maintenance. Non-recourse.
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