Eagle Group Finance provided Sepulveda Encanto, LLC with a $1.6 million loan, allowing the firm to develop a single-tenant bank building in Los Angles. The two-year, non-recourse loan will be used to fund the purchase of a two-story, 6,653-square-foot office building, located just south of the Getty Center on Sepulveda Boulevard. The borrower will then use his own cash to convert the office to a bank.
Mike Schwartz, manager of Sepulveda Encanto, has more than 20 years’ experience in structuring financing for commercial real estate transactions. He also engages in his own transactions from the principal side.