Location: Los Angeles, CA

Loan Amount: $3,280,000

Term/Amortization: 10/25

Loan to Value: 90%

Loan Type: Acquisition

Recourse

Overview:
Arriba Capital successfully closed a 90% LTV acquisition loan on an owner-occupied 10,500 square foot warehouse with office space located just south of Downtown Los Angeles. The buyers have been in operation for a little over 3 years and, as with many businesses that experience explosive growth, they had previously been operating out of a patchwork of multiple offices and warehouse spaces. Their new headquarters gives them the opportunity to consolidate all operations under one roof with room to expand well into the fu