Our client required an acquisition and renovation loan on a 7-unit, multifamily property in San Francisco’s Lower Haight district. The client plans to upgrade all units and bring them to luxury standards.
Loan Amount: $3,100,000 Term of Loan: 18 Months Loan-To-Cost: 70%
Our client required a construction completion loan for a single-family home located in the desirable neighborhood of West Hollywood. The client will complete the property and plans to refinance with a conventional loan.
Loan Amount: $2,400,000 Term of Loan: 9 Months Loan-To-Value: 63%
Our client required an acquisition loan on a triplex property located in an active and walkable area of Culver City. The client plans to obtain permits to demolish the existing structure and build six 1,500 square foot townhomes.
Loan Amount: $1,600,000 Term of Loan: 6 Months Loan-To-Cost: 76%
Our client required a refinance and construction loan to build 7 detached single-family homes in the Echo Park area of Los Angeles. This project will be built in compliance with the City’s’ small lot subdivision ordinance.
Loan Amount: $4,050,000 Term of Loan: 15 Months Loan-To-Cost: 74%