$3,750,000 Industrial Refinance in Van Nuys
Lone Oak Fund closed a $3,750,000 refinance of a 35,500 square foot owner-user production studio in Van Nuys, California. Funds were used to pay off existing debt plus renovation of the subject property. The 58% LTV, 24-month loan is priced at 7.90% for the first year and 8.30% for the second year. No prepayment penalty & non-recourse.