Hollywood, CA

$3,492,000

Multifamily

Purchase

08/02/2018
Transaction by
Archway Fund
Archway Fund provided a $3.5MM acquisition loan secured by two multi-family properties located in Hollywood, California. The sponsor needed private money to secure two partially vacant multi-family properties which did not meet traditional financing income requirements. Their exit strategy is to refinance with a bank once the property is fully occupied and stabilized at market rents. This bridge loan was funded in August 2018.