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 – 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

Case Study – CRE Loan/Business HELOC

OPPORTUNITY: Purchase 6,382 sq ft creative office space in Santa Monica, CA.

PROFESSION: Jewelry/CRE NET WORTH: $100MM

SOLUTION: 5 Year Prime based variable rate Interest only loan/
5 Year Business HELOC

Value: $4,300,000

Down Payment: $500,000

Loan: $2,000,000

DSCR: 1.40x LTV: 47% DEBT YIELD: 14.99%

RLOC: $3,000,000

DSCR: 2.81x LTV: 60%

OPEN

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