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$2,715,000 98% Loan to Acquisition Price

7 – 16 – 2014
Transaction Description: Raffi Sarkissian placed the acquisition loan of a 23,300 square foot industrial distribution center in a suburban Ventura County market. Sized to 90% of value, the 3rd party appraisal allowed for additional improvements to be funded through the loan that represented 98% of the initial purchase price. Comprised of a 1st and 2nd Trust Deed, the blended coupon of 4.9% is fixed for 20 years and carries a 10 year step-down prepayment to 1% in years 5 through 10.
Rate: 4.9% Blended
LTV: 90%
Prepayment: Step-down for 10 Years
Recourse
AdvisorsRaffi Sarkissian, Tylene Turner

Related Financings

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  • $3,250,000 Cash-Out Owner/User Refinance in West Los Angeles

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    4 – 23 – 14
    Transaction Description: Shahin Yazdi successfully placed a 100% cash-out refinance loan on an owner-user property that was previously Free & Clear. The two operating companies occupying the property were reporting a negative cash flow. The 10 Year term is fixed for 5 Years at 4.75% before floating over Prime.
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    4 – 2 – 2014
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    3 – 21 – 13
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    2 – 29 – 12
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