Bridge Loan For Office Property

Loan Type:
Bridge Loan
Loan Amount:
$13,520,000
Loan Term:
3 YR
Amortization:
Interest Only
Recourse:
Non-Recourse
LTV:
70%

Solutions

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.

Ken Gaitan

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