Archive

Archive for the ‘Term Loan’ Category

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

OPPORTUNITY: Request for a residential construction loan to construct a spec prefab 4BDR 3.1BATH home in Redondo Beach.

BORROWER: Developer

PROFESSION: Residential Construction Development NET WORTH: Affluent

SOLUTION: Construction Loan

LOAN AMOUNT: $1,237,500

CONSTRUCTION COSTS: $963,828

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

SQ FT: 2724

COST PER SQ FT: $454/$353

SALES PRICE: $1,850,000 (12/19)

CLOSED

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 (Beverly Hills)

OPPORTUNITY: Request for a residential construction loan to construct a spec ultra luxury 5 BDR 7.4 BATH (6BDR 11BATH) home in Trousdale Estates.

BORROWER: Encore CRE Developer

PROFESSION: Residential Construction Development NET WORTH: Ultra High

SOLUTION: Construction Loan

LOAN AMOUNT: $12,000,000

CONSTRUCTION COSTS: $12,110,584

VALUE: $24,500,00 (‘subject to completion’) LTC: 60% LTV: 49%

SQ FT: 10,148 (12,456)

COST PER SQ FT: $1,972/$1,193

ASKING SALES PRICE: $39,000,000

CLOSED

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