Los Angeles, CA

 

RESIDENTIAL

Client sought to refinance an existing loan in order to complete plan submissions for the construction of three new townhomes in the highly desirable Silver Lake neighborhood. The client expects to have permits in hand over the next three to four months at which time, Arixa Capital will modify the existing loan to provide funds for the project's construction.

Loan Amount: $950,000
Term of Loan: 4 Months
Loan-To-Cost: 58%