DEAL HIGHLIGHTS
Loan Amount: $$1,494,000
Inclusion: $450,000 construction holdback
LTV: 75%
Loan Type: Purchase and Renovation Loan
Property Type: Multifamily Property
Location: Los Angeles, CA
ABOUT THIS DEAL
SDC Capital, California’s premier bridge lender, has proudly funded another deal for a long-time client. This repeat borrower secured $1,494,000, which includes a $450,000 construction holdback, to purchase and renovate a multifamily property in Los Angeles. This is this borrower's sixth deal with us!
The financing covered 75% of the purchase price and provided additional funds for the construction of Accessory Dwelling Units (ADUs), all structured on a 12-month term.
With SDC Capital’s flexible and responsive financing solutions, experienced investors like this client can continue to expand their portfolios and maximize property value through strategic improvements.
RECENTLY FUNDED LOANS IN LOS ANGELES
For more information on deals like this, check out SDC CAPITAL’s other recently funded loans in Los Angeles here.