$5,000,000 Century City Multifamily
Loan Amount | $5,000,000 |
Transaction | Acquisition – Partner Buyout |
Collateral | 10,205 square foot newly constructed multifamily building on a 8,169 square foot lot |
Location | Los Angeles, California |
Purpose of Loan | Partner Buyout |
Exit Strategy | Sell units individually as town homes |
Loan Term | 9 months |
Interest Rate | 6.90% interest only |
Origination Fee | 0.75 point |
Additional Terms | No prepayment penalty. No yield maintenance. Non-recourse. |
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