$15,500,000 – Newly Constructed Apartment Building

 In RECENT TRANSACTIONS

Loan Amount $15,500,000
Transaction Refinance
Collateral 59,323 square foot apartment building (70 units) on a 17,496 square foot lot
Location North Hollywood, California
Purpose of Loan Pay off maturing construction loan
Exit Strategy Permanent financing after lease up
Loan Term 12 months
Rate 4.90% interest only
Additional Terms No prepayment penalty. No yield maintenance. Non-recourse.
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