PROJECT INFO

Bank bridge loan for acquisition of 22k SF retail/warehouse buildings in Hollywood CA

FINANCE AMOUNT

$4,380,000

DESCRIPTION

Full Recourse loan; 65% Stabilized LTV, 1.40:1 Proforma DCR, sub-1.0 at closing; 5yr term, 3yr fixed IO then float 2yrs at Prime+0.25%, 30yr amort;
Los Angeles, CA
Value Add Financing
Office
2023