Quick Close Acquisition Loan

 

Quick Close Acquisition Loan Los Angeles, CA

 

  • 2 Week Quick close acquisition financing for 8-Unit non-rent control MF building
  • Value-add Class C asset with below market rents
  • Appraisal below purchase price
  • Limited experience of sponsor managing own properties
  • $1,040,000 at 80% LTV
  • 9.00% Interest Rate
  • 1-year term / Interest-only
  • No Prepayment or Guaranteed Interest
  • Funding Source: Private Lender