$10,000,000 - Refinance of 26-Unit Apartment Building
- 3 days ago
- 1 min read
Loan Amount | $10,000,000 |
Transaction | Refinance |
Collateral | 35,168 square foot 26-unit apartment building on a 9,993 square foot lot |
Location | Mid City, Los Angeles, California |
Purpose of Loan | Pay off construction debt through lease-up period |
Exit Strategy | Conventional refinance upon stabilization |
Long Term | 12 Months |
Rate | 6.90% interest only |
Additional Terms | No prepayment penalty. No yield maintenance. Non-recourse. |
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