PROJECT INFO
Bank acquisition 1st TD & 2nd TD loans for 75% leased retail in Los Angeles CA
FINANCE AMOUNT
$2,887,500
DESCRIPTION
$2.23M 1st TD, 50% LTV, 5yr term (18mos IO); 1.40x Pro forma DCR, Fixed for 5yrs, 3-1-1 prepay; $657,500-2nd TD to 65% LTV, 2.0x Global DCR.
Los Angeles
Value Add Financing
Retail
2024
