Sold

Owner/User – Acquisition

BEVERLY HILLS, CA

$5,715,000

BEVERLY HILLS, CA

 

Funding Purpose

Provided SBA financing for a local business in Los Angeles

Property Description

Office building located in Beverly Hills off Olympic Blvd.

Sponsors

Escrow company located in Los Angeles that was looking to expand their business. They found an off-market opportunity in a prime location off Olympic Blvd. that could help with their marketing efforts

Challenges

  • Tight closing window
  • First-time Commercial Real Estate Buyer
  • Older building, built in the 1930s

Solutions

  • We were able to make certain third-party reports a post-closing stip
  • Strong business cash flows provided a variety of strong lending options

Funding

  • Loan Amount (LTV): $5,715,000 (90% LTV)
  • Interest Rate: 3.21%
  • Amortization: 25 Y
  • Term: 25 Y
  • Recourse: Recourse 


Frankie Paparella

Frankie Paparella

TITLE

Associate Director, Capital Advisor

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