Page 21 - Nikols - Annual Report 2022

LLI N LOAN
ainment Compl x for
R sid ntial Land ntit ement,
Burb Burbank, CA
k, CA
$6 M Collat ral LTV Te LTV Terms rate y Commen s Acquis tion of ent rt inment comple /mixed use pr per y for en y until itl tow ment for 85 itl tow ho es
and di pos tion. Curre operat ons in pla co e rovid cash f ow t the pr per y for en y until ale.
e site t at i clud s over 1 5,00 sq are feet o ent rt inment uses a d ca h f ow.
imu loan t sta il zed value.
t re t, 12-mo h term, % lo f e.
S bui di g and en itl d land.
ele County infill locati n with h ghly experi nced Sponso in res lo de in o t tial entitl ments.
Prope y had ca h f owin busine s to pay in ere t expens until ntitl ments.
Prop ment and di s A pos tion.
Purpo N
Develo Development of 2 Pads
Moreno Valley, CA
CA
$22.9 MI Purpose Collateral LTV Terms s De Comments d to suit S ar p u d e o d e e ks dr ve o u thru and a sec nd pa to e g p u d e o d e e nd lea ant.
S ed ve o u a
s cond d ive th ve o u p u d e o d e e ant.
S .37 acr s on a m jo ho oughf re o j t 2 y st ea t of the 215 Free ay.
tab lized v lue.
t rm, 2% l n origin tion ee .
Sal d si es .
This is o with th th te s S ons r wh has exte sive ex eri nce in retail developmen .
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