Loan Amount | $7,200,000 |
Transaction | Acquisition |
Collateral | 26,561 square foot office building on a 21,058 square foot lot |
Location | Newport Beach, California |
Purpose of Loan | Purchase of office building for healthcare company |
Exit Strategy | Permanent financing |
Long Term | 12 Months |
Rate | 6.90% interest only |
Additional Terms | No prepayment penalty. No yield maintenance. Non-recourse. |
