Short-Term Bridge Loan in Los Angeles, CA

The borrower needed a loan to acquire the multifamily development near University of Southern California as well as provide dollars for the renovation. VCREF provided the sponsor with a high leverage loan and flexible terms for the acquisition plus $5M of future funding for the renovation.

Location: Los Angeles, CA
Property Type: Multifamily
Loan Type: Acquisition
Loan Program: Short-Term Bridge Loan
Amount: $21,200,000

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