$2,400,000 Glendale Apartment Building


Loan Amount $2,400,000
Transaction Acquisition
Collateral 11-unit apartment building
Location Glendale, California
Purpose of Loan Purchase money for 1031 Exchange
Exit Strategy Refinance with permanent financing
Loan Term 6 months
Interest Rate 7.90% interest only
Origination Fee 0.75 point
Additional Terms No prepayment penalty. No yield maintenance. Non-recourse.
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