PROJECT INFO
Bank A&D Loan to acquire 100,000 SF Site in Downtown Los Angeles for Entitlement of 320 Live-Work Lofts
FINANCE AMOUNT
$8,000,000
DESCRIPTION
50% LTV as MF entitled land, 90% LTV as hypothetical creative office conversion;
2yrs IO;
1/2% fee;
no prepay;
Was entitled for 180 units at June 2013 purchase, re-entitling for 320;
100% vacant.
Los Angeles, CA
Value Add Financing
Land, Industrial
