Mixed-Use Retail and Office
Financial Compound arranged an approximate $14 million 80% of purchase price, acquisition loan for the purchase of a leasehold interest in a high-end mixed-use retail/office center in a prime location in southern California. Two floors of restaurants and retail space sit below a floor of office space. The loan contemplates an additional funding upon signed leases for two vacant spaces. The property is characterized by a mixed, boutique tenancy, and no national tenants. Rate: 10 Yr T + 1.00%, Term: 10 yrs, Amort: Interest Only, Prepayment: Defeasance, Non-recourse, Lender Fee: Par