9th & Maple Fee

Location: Los Angeles, CA
Type: Retail
Price: $5,250,000

SMC has provided a $5,250,000 first mortgage loan to facilitate the acquisition of 9th and Maple Fee. The loan has a 10-year term with full term interest only payments. The collateral for the loan is the leased fee interest in a ground lease and the underlying property is a 15,439 SF unanchored retail property with a 60-space rooftop parking lot. The property is located in the heart Fashion District of Downtown Los Angeles, CA.