Transaction Overview
Bryan Shaffer successfully placed the $1,950,000 Quick Close loan for the acquisition of a 14 unit apartment complex in Los Angeles, California. Sized to 70% of purchase, the 6 month loan closed within 5 business days to accommodate a year-end tax deferment. As the asset is fully stabilized, the Sponsor will now seek to secure institutional debt to replace the 7.9% bridge loan.
