Transaction Overview
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.
