La Canada Flintridge Office Property
Property Details
Location
Property Type
Loan Amount
La Canada Flintridge, CA
Office
$2.2MM
LTV
DSCR
Rate / Term
45%
1.60
5.50% / 5 year fixed 10 year term
- 25 year amortization
Challenge
Fully occupied nine-unit office building. Borrower had a bankruptcy and a foreclosure in the last seven years.
Solution
Based on guarantors low LTV, strong net worth, post close liquidity, strong historical and current DSCR, Axos Bank was able to provide the necessary funding.
