$4,770,000 - Apartment Building Aquisition
- Belinda Pinto
- Sep 30, 2022
- 0 min read
Updated: Jan 10, 2024
​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. |
