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$7,000,000 - Refinance of Small Lot Subdivision



​Loan Amount

​$7,000,000

​Transaction

​Refinance

​Collateral

22,575 square foot 7-unit SLO on a 15,000 square foot lot

​Location

Silver Lake, Los Angeles, California

​Purpose of Loan

Payoff existing construction loan and complete the project.

​Exit Strategy

Sell off individual completed units

​Long Term

​12 Months

​Rate

9.90% interest only

​Additional Terms

​No prepayment penalty. No yield maintenance. Non-recourse.


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