$5,000,000 Bridge Loan in Westwood Village Area of Los Angeles Is 13th New Loan for Repeat Borrower
January 2, 2021
Freedom Financial Funds, LLC, through its subsidiary Freedom REIT, recently closed its 13th loan with a Los Angeles-based developer. The $5,000,000 loan provides general working capital for the developer and is secured by a junior lien on a prominent office building with two institutional-grade tenants.
Bridge loan
$5M
Office, Los Angeles, CA
- Loan amount
- $5,000,000
- Purpose
- General working capital for the developer
- Security
- Junior lien on an office building with two institutional-grade tenants
- Location
- Westwood Village area of Los Angeles
- Relationship
- 13th loan with a Los Angeles-based developer
- Lender
- Freedom REIT
Because of the excellent track record of the developer, the well-located real estate and the solid operating history of the tenants, Freedom was able to structure a solution to the client’s working capital needs. Obtaining a loan secured by a second or junior lien is often very expensive and can be time-consuming. The client knew that he could count on Freedom to save him time and provide financing at a competitive rate. This is why he trusts Freedom as his go-to source for capital, whether it is for short-term working capital or ground-up construction projects.
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