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
Location: Los Angeles, CA
Deal Type: Permanant Financing
Property Type: Office
Year: Nov' 2019