Location: Los Angeles, CA

Loan Amount: $4,100,000

Interest Rate: 9.25%

Term/Amortization: 24-Months

Pre-Payment Penalty: None

Loan to Cost: 75%

Loan Type: Acquisition

Arriba Capital, a leading commercial real estate financing firm, has successfully closed a $4,100,000 bridge loan to acquire and reposition a luxury 20-suite co-living property in the highly sought-after Venice area Los Angeles, California. This loan was secured with a CA private debt fund at 75% leverage, which allowed the sponsor to execute their business plan effectively. In addition, the loan included renovation capital, enabling the sponsor to reposition the asset and increase its value. Arriba Capital's expertise in the multifamily lending space and extensive network of lenders ensured a smooth and efficient loan process. The sponsor, an experienced multifamily investor in the Los Angeles area, was able to leverage Arriba Capital's expertise to achieve their investment objectives. With this successful transaction, Arriba Capital has once again demonstrated their commitment to providing exceptional commercial real estate financing and multifamily lending services to their clients.