GSP arranged the 90% of cost acquisition financing for a multi-tenant office building in Encino, California. The client occupied portions of different office buildings in the market. This purchase allowed the Borrower to consolidate offices and storage units into one building for more control and proficiency. The 90% Loan to Value financing was arranged under the SBA 504 program, where the blended rate of the Bank’s 1st TD and SBA’s 2nd TD was 4.565% with 10 year fixed term amortized over 25 years.
