Saticoy Townhomes | Los Angeles, CA
42 townhome apartments located in the Lake Balboa neighborhood of the San Fernando Valley (Los Angeles MSA) and situated on a 1.047-acre site about one block from Interstate 405. The Property is within a short drive of the Sherman Oaks Galleria Mall and features a high-quality tenant profile in a strong rental market.
Acquisition Bridge Loan
- No prepayment penalty providing the borrower maximum flexibility
- The loan provides for future funding to finance capital improvements
- Three-year loan term with two one-year extension options minimizes loan maturity risks
- Interest only payments for the loan term maximizes the cash yield for the investor
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