$16,000,000 – 360 Unit Multifamily

 In RECENT TRANSACTIONS

Loan Amount $16,000,000
Transaction Acquisition
Collateral 284,910 square foot 360-unit garden style apartment building on a 15.8 acre lot
Location Rialto, California
Purpose of Loan Option to purchase
Exit Strategy Refinance – permanent debt
Loan Term 12 months
Loan to Value 41% LTV
Additional Terms No prepayment penalty. No yield maintenance. Non-recourse.
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