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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.