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 – Ultra Luxury Residential 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

Case Study – Commercial Real Estate Purchase

OPPORTUNITY: Purchase and development of a 13,901 sq ft Walmart shadowed anchored retail space in AZ.

PROFESSION: CRE  NET WORTH: $39MM

SOLUTION: Libor based variable rate 3/25 loan with an Interest Rate Swap

Value: $3,550,000

Loan: $2,485,000

DSCR: 1.62 (1.41) LTV: 70% DEBT YIELD: 10.4% (9.1%)

OPPORTUNITY (upon purchase): Construction financing for pad

Loan: $900,000

SOLUTION: Construction Loan

OPEN

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