BOLOUR Provides Financing for Owner-Occupied Industrial in Heart of DTLA
Los Angeles, CA
BOLOUR has provided an $11.5 million cash-out refinance for an owner-occupied industrial property in the Arts District of Downtown Los Angeles. The 42,000-square-foot building occupies a prime location on 1.76 acres of land. The sponsor is in the process of marketing this property for sale. BOLOUR issued a 12-month, quick-close loan at 70 percent of value, providing working capital while the ownership executes their business plan.