$11,232,000 San Jose Multifamily2019-01-112019-01-11https://www.loneoakfund.com/wp-content/uploads/2018/04/lone-oak-fund-logo.pngLone Oak Fundhttps://www.loneoakfund.com/wp-content/uploads/2019/01/san-jose.png200px200px
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.
