Location: Los Angeles, CA

Loan Amount: $4,700,000

Term/Amortization: 12-Months

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.