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» $3.1 Million - Office Building - Northridge, CA

Posted by Loan Closed


A major tenant of this office building vacated as the sponsors original bank financing was maturing. Avatar was able to refinance the existing debt and provide reserves for tenant improvements, leasing costs and interest.

  • Loan Amount: $3,100,000
  • Broker's Commission: $31,000
  • LTV: 44%
  • Interest Rate: 8.99%
  • Term: 24 Months

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