Highland Park Office – Acquisition

Los Angeles, CA

$4,000,000

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:      Recourse

Director  | Capital Advisor

310-966-0025

fpaparella@taurocapitaladvisors.com