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.
Woodland Hills, CA
Value Add Financing
Industrial
Apr' 2019
