Richmond District Triplex
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|
|Rate:||7.90% interest only for the first 12 months; 8.30% interest only for the last 6 months|
|Origination Fee:||2.0 points|