Sold

Office - Acquisition

Los Angeles, CA

$4,000,000

Los Angeles, CA

 

Funding Purpose

Provided SBA financing for a client's Medical Administrative business.

Property Description

Office building in the Highland Park neighborhood of Los Angeles

Sponsors

Client runs a succesfull medical company and was a tenant at a property in Highland Park for 25 years. Had and opportunity to purchase his building and continue to grow his business.

Challenges

  • Environmental issues that required a Phase 1 & Phase 2
  • First time commercial purchase for buyer

Solutions

  • Used long-standing contacts at third-party company to expedite environmental reports
  • Advised client on his commercial purchase and how it

Funding

  • Loan Amount (LVT):   90%
  • Interest Rate:              3.20%
  • Amortization:             25-years
  • Term:            25-years
  • Recourse:      Recouse


Frankie Paparella

Frankie Paparella

TITLE

Associate Director, Capital Advisor

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