$11,537,000 Acquisition Financing



Lone Oak Fund provided $11,537,000 in acquisition financing for a 100-unit garden style apartment community in Pacoima, California. The Borrower, a seasoned real estate investor, utilized Lone Oak Fund’s speedy close to purchase the multifamily asset to add to his extensive real estate¬†portfolio. The 3-month loan is priced at 7.90% interest only and half of a point.

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