Kay Finance secured the senior loan for this transaction. This was for a repeat client who has a large portfolio of assets in state of California. This deal was unique because one of the main tenants was Cannabis growing facility. With help from the tenant and our clients stellar reputation in the market, we were able to get the lender comfortable with the transaction.
Bridge Loan / Debt Fund
- 70% LTV - 5.5% Rate - Non-recourse - 3Yr term