Acquisition Construction Loan - Los Angeles, CA
Transaction Details
- Project Type: Value-Add Multifamily
- Loan Amount: $3,640,000
- LTV: 65% (As-Stabilized)
- LTC: 70%
- Term: 24 Months (plus 6-Month Extension Option)
- Rate: SOFR + 475 (8.5% Floor)
- Guaranty: Non-Recourse
- Structure: 100% Capex Funding
- Closed: Q3 2024
- Location: Los Angeles, CA
- Arranged By: Adam Dreyfuss and Tomer Sheelo
Transaction Overview
FOCAL arranged a $3.64M acquisition construction loan in Los Angeles, CA. Terms included 65% As-Stabilized LTV, 100% Capex Funding. The financing was arranged by Adam Dreyfuss and Tomer Sheelo of FOCAL, a commercial real estate debt and equity advisory firm located in Beverly Hills, California, arranging financings nationwide.
FOCAL arranged a $3,640,000 acquisition and construction loan for the purchase and renovation of a value-add multifamily property in Los Angeles. The sponsor required a financing structure that would provide sufficient leverage at acquisition while fully funding the property's renovation program. FOCAL secured a 70% LTC, non-recourse facility with 100% of the project's capital expenditure budget funded by the lender. The 24-month loan, with an additional six-month extension option, provided the sponsor with flexibility to complete the renovation program, stabilize the asset, and execute its business plan without being constrained by an overly aggressive maturity date.
About FOCAL Advisory
At FOCAL, we are dedicated to empowering our clients through comprehensive real estate advisory services tailored to meet the complexities of today's market. We specialize in market analysis, due diligence, asset management, transaction support, and innovative financing solutions, so that each investment decision is strategic, data-driven, and aligned with our clients' long-term goals.
Every real estate project carries its own unique financing requirements. Our tailored financing solutions provide flexible, efficient, and strategic funding options aligned with the specific needs of each investment - drawing on a broad spectrum of capital sources, from institutional funds and CMBS to agencies, local banks, and private money lenders, on transactions nationwide.
Contact the capital markets team - Adam Dreyfuss (DRE 02243085, adam@focalinvest.com) and Tomer Sheelo (DRE 02144916, tomer@focalinvest.com) · (310) 929-6959 · 150 S Rodeo Drive, Suite 100, Beverly Hills, CA 90212.
All closed transactions · Capital Markets & Debt Advisory