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
Location: Los Angeles, CA
Deal Type: Value Add Financing
Property Type: Notes
Year: 2020