| Property: | Saticoy Townhomes |
| Location: | Los Angeles, CA |
| Description: | 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. |
| Loan Type: | Acquisition Bridge Loan |
| Lender: | Regional Bank |
Client Benefits:
- 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