$9,570,000 Costa Mesa Office Building

 In RECENT TRANSACTIONS

Loan Amount $9,570,000
Transaction Acquisition
Collateral 65,728 square foot office building on a 6 acre lot
Location Costa Mesa, California
Purpose of Loan Purchase vacant building, rehab, and lease up
Exit Strategy Permanent debt upon stabilization
Loan Term 24 months
Interest Rate 7.90% interest only months 1-12; 8.30% interest only months 13-24
Origination Fee 1.50 point
Additional Terms No prepayment penalty. No yield maintenance. Non-recourse.
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