Richmond District Triplex

 In RECENT TRANSACTIONS

Richmond

Lone Oak Fund financed the acquisition of a triplex located in the Richmond District of San Francisco. The property, located just north of Golden Gate Park, consists of  (3) two-bedroom units. The Borrower, a savvy Bay Area real estate investor and repeat LOF client, plans on selling the property within 18 months for profit. There is no prepayment penalty.

Transaction:Acquisition; Standard Sale
Property Type:Triplex
Purchase Price:$1,180,000
Loan Amount:$767,000
LTC:65%
Rate:7.90% interest only for the first 12 months; 8.30% interest only for the last 6 months
Term:18 months
Origination Fee:2.0 points
Prepayment Penalty:None

 

 

 

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