Scotts Valley, CA – Incomplete Construction - Image 1Scotts Valley, CA – Incomplete Construction - Image 2Scotts Valley, CA – Incomplete Construction - Image 3

At a Glance

Scotts Valley, CA

Property Type SFR
Size 4,800 square feet
Security 1st and 2nd Trust Deeds
Loan $725,000
Value $1,300,000
LTV 55%
Term 12 months

The subject property is 5 bed, 4 bath, 4,800 square foot home in a gated community of Scotts Valley, CA.  The home sits on a 1/2 acre lot with expansive mountain views of Santa Cruz to Monterey from the master suite.

The shell of the property was originally built several years ago and Hamilton Ridge provided the purchase financing.  In addition to the $435,000 1st, Hamilton Ridge lined up a $290,000 2nd to provide capital for improvements.  The borrower spend several months renovating the home with high end flooring, kitchens, baths, and landscaping.  The finished property sold for $1,312,500.