$8,000,000 Southern California Apartment Building


Loan Amount $8,000,000
Transaction Acquisition
Collateral 200-unit apartment building
Location Fontana, California
Purpose of Loan Purchase property via Option Agreement from 2001
Exit Strategy Refinance with permanent financing
Loan Term 12 months
Interest Rate 7.90% interest only
Origination Fee 0.75 point
Additional Terms No prepayment penalty. No yield maintenance. Non-recourse
Recent Posts