PROJECT INFO
Bank refinance of DTLA creative office, high-rise
FINANCE AMOUNT
$20,000,000
DESCRIPTION
7 year fixed @ 3.52% (Swaps+185bps), full-term IO, recourse.
$1.5M of earn-out(s) based on future appraisal at 70% LTV.
1.20:1 dcr actual rate, 30yr stress amort
Los Angeles, CA
Permanant Financing
Office
Nov' 2019
