PROJECT INFO
Bank acquisition loan for 60% vacant 13,000 SF retail strip center to convert to creative office.
Finance Amount: $4,410,000
DESCRIPTION
70% LTV;
1.2x Proforma DCR;
5 Yr Term, 25 Yr Am;
1 Yr I/O;
No prepay.
Culver City, CA
Value Add Financing
Retail, Office
