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;
Location: Toluca Lake, CA
Deal Type: Construction Financing
Property Type: Multifamily