$7,500,000 | KOAR

 

Property: Warner Center Retail
Location: Los Angeles County, CA
Description: 34,670 of retail space in three buildings leased primarily to national tenants.
Loan Type: Refinance Loan
Lender: Community Bank

Client Benefits:

  • 25-Year loan term to eliminate refinance risk
  • 7 years of fixed interest rate to eliminate interest rate risk in early term
  • Non-recourse bank loan reduced the sponsor’s risk in the loan
  • Sliding scale prepayment penalty structure created future flexibility
  • Partial release provision to increase flexibility within the business plan