Location: New York, NY
Loan Amount: $15,000,000
Interest Rate: 11.00%
Term/Amortization: 6-Months / Interest Only
Loan to Value: 60%
Purpose: With the purchase contract expiring in just a few days, the transaction required a small window of execution. Arriba was able to deliver a 6-month interest only loan acquisition loan, levered to 60% of cost, priced at 11%, and closed in just 6 business days.