- Loan Amount: $2,600,000
- Broker's Commission: $26,000
- LTV: 65%
- Interest Rate: 8.99%
- Term: 2 years
Description
Avatar provided a $2.6 million commercial bridge loan for an office building in Los Angeles, California. The sponsor preleased 100% of the space during the due diligence period. Once the new tenants took full occupancy and the building generated new rental income, the borrower conventionally refinanced.
- Loan Type: Commercial Bridge
- Loan Amount Range: $1M - $4.99M
This style property is located in Los Angeles is currently and has been listed on Avatar Financial Group. This property is listed at . It has bedrooms, bathrooms, and is . The property was built in year.
RECENT CLOSINGS
