PROJECT INFO
Construction loan for the ground-up development of 28-unit apartment project.
FINANCE AMOUNT
Financing Amount: $7,150,000
DESCRIPTION
75% LTC;
Sub-4% rate; 24mo term, 1yr extension, 5yr mini-perm option;
1.20x DCR on 5% stress rate and 30-yr amort;
Toluca Lake, CA
Construction Financing
Multifamily
