PROJECT INFO

Refinance of unanchored, ocean-front retail in Los Angeles, CA

Finance Amount: $20,000,000

DESCRIPTION

10 year term, 2 year Interest Only; Full-recourse; 65% stabilized LTV, Swap+158bps; initial $16.8M based on 1.20:1 DCR on actual rate and stress 30yr amort.
Location: Los Angeles, CA
Deal Type: Permanant Financing
Property Type: Retail
Year: Dec' 2019