LK Secured Lending closed this Bridge loan until borrower secures a large construction loan to build 3 towers to max density and height.
Property Value: Purchase price of $22,500,000
for the 6 properties: B through F 1
Terms:
• Loan Amount: $3.5MM
• Borrower down payment: $8.25 million
• Term: 12 months
• Minimum Interest: 6 months
- Property Type : Industrial
- Loan Type : Bridge Loan
- State : California
- City : Vernon
- Funded Amount : $3,000,000
