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 – Residential Construction Loan (Santa Monica)

OPPORTUNITY: Request for a construction loan to construct new high end modular home for primary residence.

BORROWER: Individual

PROFESSION: Medical NET WORTH: Affluent

SOLUTION: Construction Loan

LOAN AMOUNT: $1,925,000

VALUE: $3,200,000 (‘subject to completion’) LTC: 63% LTV: 60%

DTI or GDSCR: N/A

OPEN

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 – HELOC on Primary Residence (West Los Angeles)

OPPORTUNITY: Looking to refinance and increase existing $2,000,0000 HELOC for future real estate investment.

PROFESSION: Real Estate NET WORTH: Ultra High Net Worth

SOLUTION: HELOC

Value: $7,000,000

Mortgage: $150,000

LINE OF CREDIT: $3,500,000

LOW APPRAISAL

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