PROJECT INFO
Refinance of all-cash purchase of shopping center in Torrance, CA; 5yr IO + 5 more yrs IO if value & CF did not decline; fixed for 5yrs w/2,1,1,1,0 prepay
DESCRIPTION
nonrecourse; 55% As-Is LTV; 1.20x DCR using 25yr amort, 5.50% stress rate; 5yr IO; 2,1,1,1,0 prepay penalty
Permanant Financing
Retail
