Mid-Construction Loan
Los Angeles, CA
The subject property is a 4,300 square foot luxury home located in the heart of the Sunset Strip in Los Angeles.
The project was mid-construction when the borrower’s lender ran out of capital. Hamilton Ridge’s managed fund financed a $3,625,000 loan to pay off the previous lender and provide additional capital to complete construction.
Property:
SFR
Security:
1st Trust Deed
Loan:
$3,625,000
Value:
$6,500,000
LTV:
55%
Term:
6 months
