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$2,961,000 Sothern California Cash –Out Refinance for an In-Line Retail Center

7 – 9 – 2014
Transaction Description: Raffi Sarkissian and Manuk Boyajian arranged the cash-out refinance of an unanchored retail center located in a Los Angeles suburb. The prior loan had matured with the existing lender and presented a small window to refinance and recapitalize the owner. Working with the lenders involved in the transaction, all deadlines were met while providing a return of equity. The non-recourse10 year term is fixed at 3.67%, amortized over 25 years.
Rate: 3.67%
Term: 10 Years
Amort: 25 Years
LTV: 65%
DCR: 1.50
Non-recourse
Advisors: Raffi Sarkissian & Manuk Boyajian

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