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June 2018

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