Transit Oriented Land & Entitlement

Acquisition and entitlement bridge loan in Culver City, CA

 

Los Angeles transit oriented mixed use project across from new opened Expo Line stop

 

  • $10,200,000
  • 24 month term with fixed rate
  • Time sensitive closing and complex JV ownership structure.
  • 64% LTC inclusive of soft development/entitlement costs with no interest reserve or impounds
  • 1 acre with existing structure
  • Funded by CA based private bridge lender
Tags
Construction