22 Unit Building South Los Angeles, CA

 

Class C Mixed Use 22 Unit Building South Los Angeles, CA

 

  • Cash out refi from seller financing
  • Asset owned just over 12 months
  • Weak historical operating statement
  • Challenging South LA neighborhood
  • High tenancy turnover and questionable rent roll
  • Disorganized sponsorship
  • $1,425,000 Loan Amount
  • 4.05% Interest Rate
  • 10 year term / 5 year fixed with 30 year amortization
  • Underwritten to rent roll and go forward expenses
  • Funding Source: Local Bank