Prized development parcels on Westside of Los Angeles
- 2 year floating rate bridge loan at 6% over 30 day Libor enabling sponsor to buyout JV Equity partner
- High leverage 75% loan to “future entitlement” value on two Class C office/retail buildings with month to month tenancy.
- 24,000 sf. of retail & office to be demolished for Class A multifamily
- Takeout of local bank with Institutional bridge lender