West Hollywood Apartment2018-08-292018-08-29https://www.loneoakfund.com/wp-content/uploads/2018/04/lone-oak-fund-logo.pngLone Oak Fundhttps://www.loneoakfund.com/wp-content/uploads/2018/08/ee5d4a95-2ee3-4667-b7b2-b621a7f7d597.jpeg200px200px
Loan Amount
$4,400,000
Transaction
Acquisition
Collateral
Apartment building
Location
West Hollywood, California
Purpose of Loan
To finance the acquisition in less than 24 hours
Exit Strategy
Refinance after renovating and leasing the units
Loan Term
9 months
Interest Rate
6.90% interest only
Origination Fee
1.00 point
Additional Terms
No prepayment penalty. No yield maintenance. Non-recourse.
