| Transaction Description: |
| George Smith Partners Arranged a $3,440,000 Acquisition Loan for a 23,000 Sq. Ft. Parcel of Land in Downtown Los Angeles Currently Operating as a Chevron Gas Station. The property is located directly across the street from the University of Southern California. Forward Progress Management Real Estate Fund V, LLC will leave gas station in place while entitling a mixed-use project consisting of student housing over retail space. |
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| Rate: Prime – 0.25% |
| Term: 2 yrs with 6 mos Optional Extension |
| Amort: Interest Only |
| LTV: 65% |
| Recourse |
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Key Players: Jim Smith,
Shahin Yazdi
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