Transaction Content
- 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