Page 17 - Nikols - Annual Report 2022
P. 17
$7.40 MILLION LOAN
Small-Lot Residential Tract Construction,
Los Angeles, CA
, CA
Pu pose Colla LTV Terms Exit Str tegy Com o e e v p l off ca em sm w ed f Lo A gel s with L ar ed ms, e s n A h e a s s , 2-car garages.
75% maximum loan to stabilized value.
8% interest, 18-month term, 2% loan origination fee and 1.0% for months 13 through 18 if needed.
al id ia rie $17.7 MILLION LOAN
Small-Lot Residential Tract Construction,
Hollywood, CA
Purpose Collateral LTV Terms Exit Strategy Comments cha A
P F tr A
P F tr ents Fi a wh form F w i o w e f f m t l s s s o o e l lloff.
Loca ed in the Holl woo fic sma area f Los Ang les whi h is und rg SF -c ing a sign woo fic sma nt tran forma on and within
ex ellen F w 10 lking distanc o e pl ymen c nd servi c r b as. 18 ne sma l-lot homes o app oxima ely ,710 SF ith b drooms, 3 75% maximum loan to stabilized value.
8% interest, 24-month term, 3% loan origination fee.
F .
Sal ie Sponsor has x ensive expe ie ce nso n small ot h h me an other res dent al c 18
