Cosmo Lofts

Perm Loan

50-Unit Multi-Family

Hollywood, CA

HRC arranged an $11 million, 10-year fixed rate loan for the Cosmo Lofts. The loan was structured with multiple fundings, with an initial funding at 65% occupancy, and two additional fundings at 81% and 94% occupancy. This allowed the borrower to close on a permanent loan prior to stabilization and eliminate interest rate risk by locking the 10-year Treasury yield in the low 4% range.

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