Deal Summary
INSIGNIA arranged $400,000 of refinancing secured by two commercial mixed-use properties in Los Angeles, California.
| Item | Detail |
|---|---|
| Transaction type | Refinance |
| Property | Commercial mixed-use, two properties |
| Location | Los Angeles, California 90039 |
| Total financing | $400,000 |
| Loan structure | Interest-only bridge loan |
| Term | 12 months, with two 12-month extension options |
| Capital source | Proprietary capital |
The Transaction
The borrower refinanced two commercial mixed-use properties in Los Angeles. INSIGNIA arranged an interest-only bridge loan funded with proprietary capital, with two extension options that gave the borrower flexibility on the timing of its exit.
Capital Structure
| Item | Detail |
|---|---|
| Loan amount | $400,000 |
| Structure | Interest-only bridge loan, balloon at maturity |
| Term | 12 months, with two 12-month extension options |
| Capital source | Proprietary capital |
INSIGNIA
INSIGNIA arranged the financing, including structuring the request, selecting the capital source and coordinating the process through closing. We place financing across commercial property types, including mixed-use, special-use, owner-occupied and investment assets, using the capital source that fits the borrower and the property.
This summary describes a closed transaction for informational purposes and is not an offer of financing or a statement of current pricing, which varies with market conditions, property type, sponsor credit and program requirements.
