$1,680,000 – Inglewood Industrial Acquisition

​Loan Amount	​$1,680,000
​Transaction	​Acquisition
​Collateral	12,400 square foot industrial property
​Location	Inglewood, California
​Purpose of Loan	​Acquisition of tenanted industrial property with billboard income.
​Exit Strategy	Hold long term and refinance conventionally.
​Long Term	​12 Months
​Rate	​8.90% interest only
​Additional Terms	​No prepayment penalty. No yield maintenance. Non-recourse.