$6,500,000 West Hollywood Development Site By Alexa Mizrahi April 20, 2017 In RECENT TRANSACTIONS $6,500,000 West Hollywood Development Site2017-04-202017-04-20https://www.loneoakfund.com/wp-content/uploads/2018/04/lone-oak-fund-logo.pngLone Oak Fundhttps://www.loneoakfund.com/wp-content/uploads/2017/04/fairfax.jpg200px200px 4 Loan Amount $6,500,000 Transaction Refinance Collateral 5 contiguous lots zoned R4 totaling 34,238 square feet; fully entitled for 53 multifamily units Location West Hollywood, California Purpose of Loan Recoup funds from all-cash purchase Exit Strategy Construction debt once permits are obtained Loan Term 12 months Interest Rate 7.90% interest only Origination Fee 0.85 point Additional Terms No prepayment penalty. No yield maintenance. Non-recourse. Recent Posts$15,500,000 – Newly Constructed Apartment Building$7,200,000 – Newport Beach Office Building$21,000,000 – Newly Constructed Apartment Building
