PROJECT INFO
Nonrecourse bridge for 20% leased office in East LA
FINANCE AMOUNT
$12,000,000
DESCRIPTION
Bridge take-out; $2.8M holdback for TI; 3-yr term with (2) one-year extension; L+650bps; I/O with 2yr lockout; 1% exit fee; non-recourse. 45-day app to close. 80% LTC
Los Angeles, CA
Value Add Financing
Office
July' 2017
