​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. |
