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Archive for the ‘Investment Property’ Category

Case Study – Spec RE Construction Loan (Prefab) (Redondo Beach)

OPPORTUNITY: Request for a residential construction loan to construct a spec prefab home in Redondo Beach.

BORROWER: Developer

PROFESSION: Residential Construction Development NET WORTH: Affluent

SOLUTION: Construction Loan

LOAN AMOUNT: $1,237,500

VALUE: $1,650,000 (‘subject to completion’) LTC: 72% LTV: 75%

DTI or GDSCR: N/A

OPEN

If you have a similar case, or question, please e-mail me on craig.isaac@bancofcal.com

“You will get all you want in life, if you help other people get what they want”
– Zig Ziglar

Case Study – CRE Construction Loan (Beverly Hills)

OPPORTUNITY: Request for a construction loan to construct 35-unit apartment building in Beverly Hills.

BORROWER: Encore Developer

PROFESSION: Residential  and Commercial Construction and Development

SPONSOR/GUARANTOR: High Net Worth

SOLUTION: CRE Construction Loan

LOAN AMOUNT: $11,000,000

VALUE: $25,600,000 (‘subject to completion’) LTC: 51% LTV: 43%

DSCR: 1.21

 

If you have a similar case, or question, please e-mail me on ceisaac@ymail.com

“You will get all you want in life, if you help other people get what they want”
– Zig Ziglar

Case Study – CRE Construction Loan (Long Beach)

OPPORTUNITY: Request for a commercial construction loan to renovate 80 units in 4 Class C apartment buildings in Long Beach.

BORROWER: Encore Developer

PROFESSION: Commercial Construction Development

SPONSOR/GUARANTOR: High Net Worth

SOLUTION: CRE Multi-Family Construction Loan

LOAN AMOUNT: $7,300,000

VALUE: $12,410,000 (‘stabilized’) LTC: 73% LTV: 59%

DSCR: 1.20x

If you have a similar case, or question, please e-mail Craig Isaac on craig.isaac@bancofcal.com

“It is your attitude, not your aptitude, that determines your altitude.” — Zig Ziglar”
– Zig Ziglar