$10MM Senior Loan – Bridge Financing
Land Acquisition Loan.
- Acquisition of two adjacent parcels for a mixed-use, residential development
- Located in the Miracle Mile neighborhood of Los Angeles
- Adjacent to a future Metro Purple Line Station
- Mid-Wilshire submarket with low vacancy and climbing rents
Dekel Capital presented a comprehensive business plan to an array of potential lenders while highlighting sponsor experience in the submarket. Dekel identified a bank lender to finance the requested amount.