$1,837,500 75% LTC Acquisition for a Southern California Brick Building

  • Rate: 4.225% Fixed for 5 Years; LIBOR + 2.25%
  • Term: 10 Years
  • Amort: 3 Years IO then 30 Years
  • LTV: 75%
  • Non-recourse

Transaction Description: Building Shahin Yazdi successfully placed the 75% of cost acquisition of a 33 unit brick multifamily building in the Mid-Wilshire district of Los Angeles. The rate was fixed for 5 years at 4.225% before floating at 2.25% over the 6 month LIBOR. The non-recourse loan also has 3 Years of interest only before it amortizes over 30 years.

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