​Loan Amount | ​$4,770,000 |
​Transaction | ​Acquisition |
​Collateral | 25,705 square foot 28 unit apartment building |
​Location | Los Angeles, California |
​Purpose of Loan | ​Purchase of partially vacant building. |
​Exit Strategy | Renovate and lease vacant units, then obtain permanent financing |
​Long Term | ​12 Months |
​Rate | ​8.40% interest only |
​Additional Terms | ​No prepayment penalty. No yield maintenance. Non-recourse. |
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