- Rate: 4.2% Fuxed for 5 Years; LIBOR+2.9%
- Term: 10 Years
- Amort: IO for 3 Years; 30 Year Amort Thereafter
- LTC: 70%
- Non-recourse
Transaction Description: Shahin Yazdi successfully placed a 70% Loan to Purchase for the acquisition of a retail and office building in Eagle Rock, California. The tenant mix consists of local businesses that all hold short-term leases and no credit enhancement. There is 100% roll exposure during the next three years. The rate is fixed at 4.20% for 5 Years before floating a 2.90% over the six-month LIBOR. There is three years of interest only before rolling into a 30 year amortization schedule for this non-recourse loan.
