Retail portfolio cross collateral credit enhancement in Los Angeles

 

Fixed rate refinance on 60% occupied retail structure in Mar Vista, CA

 

  • $7,000,000 fixed rate loan for 5 years
  • 13,000 sf. retail strip center recently purchased with hard money
  • Property cross collateralized for credit enhancement with MTM beachfront retail property and Post Office with 7 years remaining on lease
  • ¬†Funded by local bank