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Deal Details
Private Loan Type
Residential Ground-Up Construction
Approx. Funding Date
06/29/2020
Property Type
Single Family Residence
Property City
Newport Beach
Property State
CA
Lien Type
1st Mortgage
Payment Type
Interest Only
Number of Units
1
Exit Strategy
Sale
Deal Summary
Carlyle Capital, a private money lender, funded a $7,075,000 residential construction loan for a luxury single-family residence in Newport Beach, CA. The property was fully framed, but the debt needed to be properly restructured on the property to allow sufficient time and budget to complete it. Carlyle Capital was able to provide a competitively structured loan to provide the Borrower the time and money needed to complete construction and market the property for sale after completion. This SFR ground-up construction loan was funded in June 2020.
Funded By
Carlyle Capital
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