Unsecured LOC

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PROJECT INFO

Unsecured Line of Credit

FINANCE AMOUNT

$5,000,000

DESCRIPTION

Closed During Covid-19. 3yr unsecured LOC. 1yr extension option; Interest only, Prime+1%, 5.75% floor; 50% liquidity tested semiannually; Can convert to 5-yr term loan
Los Angeles, CA
Value Add Financing
Notes
2020