$5,800,000
Bridge/Construction Loan in Los Angeles
+ 70% Loan-to-Cost / 70% Loan-to-Value
+ Wall Street Journal Prime + 0.25%
+ 12-month Interest Only Period
+ 5-year Floating Rate Term
+ 25-year Amortization
+ No Prepayment Penalty
+ No Interest-Rate Cap
Sequoia Commercial Lending is excited to announce the closing of a Bridge Construction Loan for a 14,500 SF industrial/creative office building. The loan structure includes a $3,100,000 initial funding and $2,700,000 construction component used for Tenant Improvements, Cap-Ex, Leasing Commissions, and Interest Reserve. Our team located a Regional Bank that offers flexible construction and bridge financing products.
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