$9,850,000
Los Angeles, CA
Transaction Type
Cash-out Loan Refinance
Non-Recourse
Loan Type
Permanent Loan
Situation & Challenges
- Leasehold with approximately 30-years remaining
- Borrower requested long-term, low interest rate solution
Solutions & Highlights
- Fully amortizing loan within remaining lease term eliminated refinance risk
- 20-year fixed rate loan term