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