$6,500,000 West Hollywood Development Site

 In RECENT TRANSACTIONS

Loan Amount $6,500,000
Transaction Refinance
Collateral 5 contiguous lots zoned R4 totaling 34,238 square feet; fully entitled for 53 multifamily units
Location West Hollywood, California
Purpose of Loan Recoup funds from all-cash purchase
Exit Strategy Construction debt once permits are obtained
Loan Term 12 months
Interest Rate 7.90% interest only
Origination Fee 0.85 point
Additional Terms No prepayment penalty. No yield maintenance. Non-recourse.
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