PROJECT INFO

Bridge to Perm financing for vacant industrial building

Finance Amount: $8,800,000

DESCRIPTION

70% LTV, 65% LTC; $7.7M initial funding with $1.1M TI/LC. 3 year bridge term then to 5- or 7-year perm option. Libor+250bps during bridge then Libor+200 fixed.
Location: Woodland Hills, CA
Deal Type: Value Add Financing
Property Type: Industrial
Year: Apr' 2019