Transaction Content
- Summary: Borrower sought maximum leverage on a 24 Hour Fitness with 8 years remaining on the lease. BluePoint identified a lender who understood the strength of the location and experience of the Sponsor, allowing for a full-leverage loan.
- Loan Amount: $18,900,000
- Property: 77,300 SF Fitness Center
- Location: Northern CA
- Purpose: Acquisition
- Rate: Confidential
- Term: 15 Years
- Amortization: 30 Years
- LTV: 75%
- Prepay: 5 Years (5/4/3/2/1%)