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Amped Kitchens North

Los Angeles, CA

$14,500,000

Los Angeles, CA

 

Funding Purpose

Cash out refinance

Property Description

Multi-Tenant Industrial Kitchen

Sponsors

Experienced industrial kitchen operator, currently operating two locations in Los Angeles and a third location in Chicago

Challenges

  • New and unfamiliar product type for most lenders
  • Tight closing timeline with expiring new market tax credits
  • Execution of  45+ SNDA's prior to closing 

Solutions

  • Assisted the lender in understanding the business model by getting the lender and sponsor to communicate early
  • Closed the loan in days from LOI execution
  • Worked diligently with the lender and sponsor to ensure SNDA's were executed and delivered to the lender prior to closing 

Funding

  • Loan Amount (LTV): $14,495,000 
  • Interest Rate: 4.125% 
  • Amortization: 25 Y
  • Term: 10 Y
  • Recourse: Non Recourse 
  • Prepayment: No prepayment penalty


Anthony Johnston

Anthony Johnston

TITLE

Senior Director, Capital Advisor

Avi Youshaei

Avi Youshaei

Alisa Freundlich

Alisa Freundlich

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