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Bridge Loan

4314 Slauson Office

$2,200,000

4314 Slauson Office

 

Funding Purpose

Bridge Loan to take out maturing debt and cover TI and lease up expenses for 60% vacancy. 

Property Description

13,925 foot 3 Story medical office building.

Sponsors

Experienced Los Angeles based investor/developer.

Challenges

  • 60% vacancy at the start of Covid.
  • Cashflow did not support recap with permanent financing

Solutions

  • Secured bridge funding 18 Months term 50% LTY

Funding

  • Loan Amount (LTV) 50%
  • Interest Rate 6.99% 
  • Term 18 Months
  • Recourse Full
  • Interest Only 18 Months


Deryl Deese

Deryl Deese

TITLE

Director, Capital Advisor

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