$15,500,000 – Newly Constructed Apartment Building
| 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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