Loan Amount | $1,680,000 |
Transaction | Acquisition |
Collateral | 12,400 square foot industrial property |
Location | Inglewood, California |
Purpose of Loan | Acquisition of tenanted industrial property with billboard income. |
Exit Strategy | Hold long term and refinance conventionally. |
Long Term | 12 Months |
Rate | 8.90% interest only |
Additional Terms | No prepayment penalty. No yield maintenance. Non-recourse. |
