At a Glance

Los Altos, CA

Property Type Luxury Home Construction
Security 1st Trust Deed
Loan $2,500,000
Value $4,800,000
LTV 52%
Term 12 months

The subject property is a modern-style new construction home in Los Altos, CA.  The borrower, a local development fund, approached Hamilton Ridge to initially purchase the vacant lot.  After the developer obtained approvals for the new home, Hamilton Ridge rolled the acquisition loan into a $2,500,000 construction loan.  The home sold for $4,800,000.