$16MM Senior Loan – Bridge Financing
Bridge Loan for Acquisition, Entitlement, and Predevelopment.
- Infill location in the San Fernando Valley submarket
- Plan to secure entitlement for construction of 440-unit mixed use multifamily retail center
- Strong fundamental demand with low vacancy rates
- Experienced sponsorship
Dekel Capital proved out demand for the project in this submarket through citing comparable successes. Dekel leveraged sponsor’s deep track record in Southern California to secure $16MM in Bridge Financing.