$2,700,000 Bridge Loan on a Creative Office Development Site
Transaction Description:
$2,700,000 Bridge Loan (Acquisition & Pre-Dev) on a Creative Office Development Site
Los Angeles, California (Virgil Village / Silver Lake)
70% LTC Financing
Non-Recourse
New Private Lender Relationship
30-day Close
$2,700,000 Bridge Loan Financing on a commercial site located in Virgil Village/Silver Lake submarket in Los Angeles, CA.
Use of funds is to acquire the site and complete pre-development for a Class-A Creative Office Development. Previously, Mandri Capital had financed the value-add renovation of the adjacent creative office development for this repeat developer client. The private lender in active in the immediate area and is looking to continue bridge and construction lending at attractive rates to best-in-class sponsors.
Mandri Capital continues to grow its capital advisory practice almost exclusively on referrals. Please keep us in mind for any and all relevant commercial real estate financings.
