Property info.
Property type:
Track-Record
5251 Hollywood Boulevard,
Los Angeles, CA 90027
http://www.highrises.com/los-angeles/the-lofts-at-hollywood-vine/
73750 Square Feet
Acquired: September 2009
Disposition Date: April 2010
About
Oro Capital utilized loan proceeds to refinance existing indebtedness relating to the purchase and development of this mixed-use condominium project. Collateral included 31 unsold lofts (out of 60), five office condominium units (5,390 square feet), and a signage. The term of the loan was two years with three points paid up front. Oro repaid the loan in six months after origination with a two percent prepayment penalty.
