PROJECT INFO

Bank bridge loan to provide cash out on 30% leased newly renovated flex/industrial bulding in Glendale, CA

Finance Amount: $10,000,000

DESCRIPTION

55% Leased at app; 5.6% DY, 65% Stabilized LTV; 9% DY; 5yr term, 2yrs IO then 25yr amort; Prime+0.25%; no pre-pay.
Glendale, CA
Value Add Financing
Industrial
2021