Borrower was looking for lowest priced Non-Recourse Construction Loan and Joint Venture Equity:
- 65% Loan to Cost Construction Loan
- Libor + 3.25%, Non-Recourse
- JV Equity funded 95% of Total Equity Requirement
- Urban Infill 225 unit project
- Institutional Investor
- 1.20 DCR
| Loan Amount: | $95,000,000 |
| Loan Type: | Permanent Loan: Apartments |
| Location: | Southern California |