CASE STUDIES

Glendale View Apartments

Loan Amount: $8,900,000 Closed: 4th Quarter 2006 Location: 1595 E. Chevy Chase Drive Glendale, California
	Client: Seaview Ventures Revere Investments
	Property: A three-story, 56-unit apartment building located in Glendale, California.
	Assignment: Arrange high leverage bridge loan to acquire and reposition the property
	Challenges: 95% loan to cost loan request Quick closing Limited financial history on the property
	Results: $8,900,000 (95% LTC) Amortization: Interest only for 2 years; $10,000 per month principal reduction beginning month 25 Prepayment: Locked for 12 months; prepayment at par thereafter Liability: 10% repayment guarantee