$11,232,000 San Jose Multifamily


Loan Amount $11,232,000
Transaction Acquisition
Collateral 48-unit Apartment building
Location San Jose, California
Purpose of Loan Purchase financing for $17,280,000 sale
Exit Strategy Refinance or sale
Loan Term 6 months
Origination Fee 0.50 point
Additional Information Lone Oak Fund sourced a 2nd trust deed of $2,590,000 to bring combined leverage up to 80% LTV
Additional Terms No prepayment penalty. No yield maintenance. Non-recourse.
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