$23,700,000 Downtown LA & San Francisco Land2017-10-232017-10-23https://www.loneoakfund.com/wp-content/uploads/2018/04/lone-oak-fund-logo.pngLone Oak Fundhttps://loneoakfund.com/wp-content/uploads/2017/07/la-sf.jpg200px200px
33,424 sq. ft. lot with entitlements to build 241 residential units with ground floor retail; 29,998 sq. ft. lot with entitlements to build 127 residential units with ground floor retail; 12,998 sq. ft. lot with entitlements to build 205 residential units with ground floor retail
Downtown Los Angeles & San Francisco
Purpose of Loan
Funds to complete $26,000,000 purchase; additional collateral was purchased for $62,000,000 in January 2017 (27% combined loan-to-cost)
Development of mixed-use buildings in prime locations
7.90% interest only
No prepayment penalty. No yield maintenance. Non-recourse.