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$4,770,000 - Apartment Building Aquisition


​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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