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. |
