Shahin Yazdi successfully placed the 75% LTV acquisition debt on a Southern California multi-family asset that was 100% vacant at close of escrow. GSP negotiated an interest reserve with the capital provider. All rehab funds are controlled exclusively by the Sponsor. The lender agreed to raise their value constraint from 70% to 75% upon receipt of an insufficient MAI estimate. The Prime Rate plus 0.75% does not carry a pre-payment penalty for the two year term.
