$6,000,000
Bridge Loan

Schelin Downes & Co

Acquisition
South Park Boutique Hotel
Los Angeles, CA
78 Keys

Principals of Schelin Uldricks & Co. secured acquisition financing for a developer acquiring an SRO Hotel in downtown Los Angeles with plans to convert the property into a 78-key Boutique Hotel. The loan had a 5 year term with an aggressive step down on the prepayment terms to enable a refinance with construction financing once plans were complete.

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