Page 24 - Nikols - Annual Report 2022
P. 24
OAN
Develop en f 3 Re ail ce Collat ral LTV Te LTV Terms rate y Commen s Develo ment of 3 r ta e- l pads a hig ll b t affi corner Loan clud s funds or co str ction of a
p ta e- s h o u e E l sed 7-Elev n. Two o er ads w hig ll b sol t own r/ ser or lea Lo ed 7-Elev .
Subje proper y is 3.0 ac e t a m jo u t j m r ommer ial inters ction in Mer ct ed .
63% m imu loan t sta il zed value.
re t, 12-mo h term, % lo o igin tion fee.
S ind vi ual pad si es.
our ur 8t so lo n w th t is S onso who ha ex ens ve experi nce in ret il develo $5.0 MILLION LOAN
San Diego, CA
Purpose Collateral LTV Terms s Ac Comments ed apartmen l nd site nd proces ing f bu ng ldi g permits.
l ntitle for 157 pa tment un ts.
ue.
t rm. 2% l n origin tion ee 8% i .
Con e-out once b .
Con ildi g permit are processe .
High artm nt loc tion i San Dieg s for wor market ti re wh re th Spons r ha s
comp ete multip e a artment d velopmen San Dieg s for wor force housi g. ued
Spons io r an rent rowth with lim inu ted ew sup ly. ite was ent tled a clos an d
Sponsor wi l con lim inu to pro ess ng absor ermits f io r onstruc
