PROJECT INFO

Bank bridge loan for purchase of 4,600 SF of vacant retail on Melrose Ave

Finance Amount: $2,484,000

DESCRIPTION

10yr term/25yr amort; 5yr fixed at 3.75%; 83% LTC/78% LTV/60% Stabilized LTV; 0.90x DCR at 25yr amort and 6.50% stress rate
Los Angeles, CA
Value Add Financing
Retail
2021