LOS ANGELES, CA
This loan was to refinance a seller carry loan that was coming due at the end of February. When we started going out to lenders, the property was 100% vacant
Property was purchased at the beginning of 2020 and fully remodeled. Sponsor finished the remodel in October and started lease up process
Experienced developer who has turned over 10 similar models over his career. His tenant focus is in the entertainment industry, Music, photography, videography, etc.