Preferred Bank has approved a real estate construction loan of $18,000,000 for a project at 786-810 East Pico Boulevard and 895 East 14th Street, Los Angeles, CA. The loan is for constructing 131 commercial condominium showroom units and a parking structure. The letter outlines terms, conditions, and provisions for the loan, including borrower equity, interest rates, loan payments, security, and due diligence requirements.
documents/EFTA00725263.pdf
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