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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.

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