$7,200,000 – Newport Beach Office Building

 In RECENT TRANSACTIONS

Loan Amount $7,200,000
Transaction Acquisition
Collateral 26,561 square foot office building on a 21,058 square foot lot
Location Newport Beach, California
Purpose of Loan Purchase of office building for healthcare company
Exit Strategy Permanent financing
Loan Term 12 months
Rate 6.90% interest only
Additional Terms No prepayment penalty. No yield maintenance. Non-recourse.
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