A mixed-use property located in Downtown Los Angeles recently closed a loan transaction. The property spans approximately 153,000 square feet and is situated in the bustling market of Downtown Los Angeles.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Date: 09/24/2021
• Market: Downtown Los Angeles
• Asset Size: 153,000 square feet

The loan for this property was provided by the Life Insurance Company Bridge Program. The loan amount totaled $12,625,000 and falls under the bridge loan category. The loan terms include an -86% current loan-to-value ratio, a 3-year term, and 2 years of interest-only payments with extension options. The interest rate for the loan is set at 6.00%.

Representing the deal were Jonny Soleimani from Pacific Southwest Realty Services. For further inquiries about this high-leverage bridge loan, including over $2M in discretionary cash-out, you can reach out to Jonny at 310-471-1998 or via email at [email protected]. It is worth mentioning that PSRS has connections with 25+ life insurance companies and also handles deals with banks, credit unions, debt funds, and CMBS for all property types and locations.