$1,750,000 Glendale Multifamily Bridge Financing

Transaction Description: Shahin Yazdi successfully sourced the acquisition and rehabilitation bridge debt for an 8-unit multifamily property in Glendale, California. Sized to 70% of total capitalization and fixed at 3.25% for 30 months, the first 6 months are interest only. There is no prepayment penalty. Although sub-1.0 coverage at close, an interest reserve was not funded; the Sponsor will feed the monthly debt-service short out-of-pocket.