Land / Construction Loan - Fitness Center
Irvine , CA
$3,000,000 Interim Land Loan at 60% of costs on a Gym. This short-term loan allowed the borrower to meet the strict deadlines of closing the land on time. In addition, secured a $7,300,000 80% LTV for a Construction/Mini perm LIBOR floater, 5-year term and 25-year amortization on the mini perm.