Page 26 - Nikols - Annual Report 2022
P. 26
pment,
Sa Die o, San Diego, CA
Purpose ndu Collateral g.
C LTV 0% l Terms 9% interest, 12-month term, 2% loan origination fee.
Exit Strategy Construction loan take-out.
Comments U to .
C Spo l apart oca Spo s c Spo 3 MILLI N LO Development Single Tenant Retail Building,
Pasadena, CA
1 Purpose Collateral LTV Terms Exit Strategy Comments o u 6 i b r l r di o o u 6 i b r l ll be a
buil cr . ts D ve o u 6 i b r l ment f an sin le- enant re ail o u 6 r l lding on .63- cr . b e p - t o P in ubject p ze term Sale of completed building to an investor.
This is our 10th loan with this Sponsor who has extensive experience in retail development.
