Los Angeles, CA

RESIDENTIAL

Arixa Capital provided financing in the amount of $870,000 for the acquisition of a property located in Los Angeles, CA in 9 days. The property is a fully occupied quadplex that produces a modest cash flow on an 8,023 square foot lot. 

Loan Amount: $870,000
Term of Loan: 6 Months
Loan-To-Cost: 75%
Amortization: Interest Only
Guarantee: Recourse

Los Angeles, CA

RETAIL

Arixa Capital provided financing in the amount of $2,650,000 for the acquisition and renovation of a 11,641 square foot office/retail property located in Los Angeles, CA. The contract price is $2,825,000. Total estimated renovation budget is $750,538, of which Arixa will reimburse $550,000 (73%). 

Loan Amount: $2,650,000
Term of Loan: 12 Months
Loan-To-Cost: 74%
Amortization: Interest Only
Guarantee: Recourse

Los Angeles, CA

RESIDENTIAL

Client sought to refinance an existing loan in order to complete plan submissions for the construction of three new townhomes in the highly desirable Silver Lake neighborhood. The client expects to have permits in hand over the next three to four months at which time, Arixa Capital will modify the existing loan to provide funds for the project's construction.

Loan Amount: $950,000
Term of Loan: 4 Months
Loan-To-Cost: 58%