Multifamily acquisition and ADU expansion project funded by SDC CAPITAL in Los Angeles, California
Deal Highlights
Loan Amount: $767,500
Loan Type: Purchase and Construction
Purpose: Acquire multifamily property and construct two additional ADUs
Loan Term: 12 months
Construction Holdback: $250,000
Property Type: Multifamily
ABOUT THIS DEAL
SDC CAPITAL recently funded a $767,500 bridge loan for the purchase and construction of a multifamily property located in Los Angeles, California. The financing was structured with a 12-month term to provide the borrower with the flexibility needed to complete construction and execute the project’s business plan.
The subject property is an existing five-unit multifamily building totaling 3,106 square feet. As part of the financing, SDC CAPITAL provided a $250,000 construction holdback specifically designated for the construction of two additional accessory dwelling units (ADUs).
Upon completion of the ADUs, the property is expected to expand from five units to seven units, creating additional rental inventory and enhancing the overall value of the asset. The borrower’s plan focuses on completing the ADU construction and repositioning the property as a larger multifamily investment.
The project is projected to achieve an after-repair value of approximately $1.2 million, reflecting the value-add potential of the ADU expansion strategy.
SDC CAPITAL specializes in financing acquisition, construction, renovation, and ADU expansion projects throughout California with fast, reliable bridge financing tailored to each borrower’s goals.
Have a multifamily or ADU project that needs funding? Email info@sdccap.com or call 424-304-1072 to get started.