Summary: Borrower requested the maximum loan amount, non-recourse, and flexibility of a step down prepay.
Loan Amount: $5,000,000
Property: 70 Unit Apartment Complex
Location: Palmdale, CA
Purpose: Acquisition
Fixed Period: 5 Years
Interest Only: 12 Months
Amortization: 30 Years
Prepay: Step-Down
Recourse: Non-Recourse