$23.15 Million | Office
- Loan Amount: $23,150,000
- Loan Term: 36 Months
- LTV: 75%
Medical office, Tarzana, CA – Non-recourse, bridge loan will fund “heavy-lift” reposition business plan. Well located, in-fill project with current low occupancy to facilitate the interior/exterior renovations. Creative structure provides for 100% of future funding (which is 53% of the total loan amount). No requirement for fresh equity (since there was sufficient equity in place) which most other competing lenders required.
Stay up to date on the latest CRE news and trends