PROJECT INFO

Lease-up bridge loan of 20% leased, ground floor retail of recently completed 44-unit residential condo project

Finance Amount: $7,850,000

DESCRIPTION

Prime+3%, 1.5% fee at exit, 70% of stabilized value, 100% cash-out. Waived interest reserve post-app to give more cash out.
Location: Santa Clara, CA
Deal Type: Value Add Financing
Property Type: Retail
Year: Aug' 2019