Transaction Overview
Shahin Yazdi placed the $2,400,000 permanent loan on a strip retail center near Downtown Los Angeles. This request represented a substantial return of equity to the Borrower. The ten year loan is fixed for seven years at 4.15% before adjusting to LIBOR plus 1.80% with an option to fix the coupon at the then market rate. Although all leases expire over the next five years, tenant roll-over risk was mitigated by demonstrating that 35% of the occupants have operated at this location for 15 years or more.
