Page 22 - Nikols - Annual Report 2022

$6 MILLION LOAN
N
Industrial tructio on ,
F Collat ral LTV Te LTV Terms rate y Commen s Provid financ ng for co str ction of one s ngl tenant indust ial buildi g.
One i ust ial buildi g.
One i g with t o-st ry office totali g 44,900 SF on 2 0 d 4 a t r n ite
6 imu loan t sta il zed value.
t re t, 12-mo h term, % lo o igin tion fee.
S own r/ ser or lea ed and re ina ced.
Vacan land f r in ust ial buildi ial develo g to con tr S ct new. T is the he Fu so d’s 7th lo n t thi tr S onso ,
who h ex ens lt ve experi nce in ind ia co st ia ia t im ial buildi ial develo ial buildi ment and ha in bu d s ens lt nd so in bu d s vera other
ndust ial develo ial buildi gs in the st ia ia t im dus edi te area.
$22.9 MILLION LOAN
Carlsbad, CA
Purpose Collateral LTV Terms s Fi Comments ion of 7 s ngle-level r si en ial condomin ums and sel off.
Located g dista ce to he coas al villa e co rea dom of Carl bad whi h ha al m 1 ny resta rants ,
ba s, a d retail se ices wit n a dition to the b oc o oa ac im . 17 new e co n ie rea dom nium me of off.
Locate approximate y 1,5 al m 1 n o
3,254 SF wi m h e oce e co n ie r lag on view . Pro er y will have roof top deck with b ,
t l c n i . u S r i o ean iew .
75 view . Pro have tab lized v lue.
t rm, 2.25 loan ori inat l n f fee .
Sal mes.
experi nce in the co struction ns nd ou dev lopment of r sid ntial
condo Sp in ums in San iego County.
ns ou