Location: Los Angeles, CA
Loan Amount: $4,700,000
Loan to Cost: 100%
Loan to Value: 73% CLTV
Loan Type: Acquisition & Repositioning
Purpose: Arriba Capital secured a $4.7mm bridge loan for the acquisition, tenant buyouts, and repositioning for a 12-unit low-rise, walk-up apartment complex located in Los Angeles, CA. The sponsorship provided additional collateral which enabled us to secure 100-percent financing on the subject property.