Private Construction Loan for SFR in Pacific Palisades, California

Funded by Parkview Financial

$7,600,000

Deal Details

Private Loan Type

Residential Ground-Up Construction

Approx. Funding Date

06/15/2016

Property Type
Single Family Residence
Property City

Pacific Palisades

Property State

CA

Lien Type

1st Mortgage

Payment Type

Interest Only

Lot Acreage

4

Interest Rate

9.99%

Origination Points

2%

Deal Summary

Parkview Financial, a private mortgage fund, provided a $7,600,000 1st lien position ground-up construction loan for two single-family home in Pacific Palisades, CA. The subject property is a 4-acre lot with a sweeping ocean and canyon views. We charged 9.99% interest rate and 2% origination fee. This private construction loan was funded in June 2016.

Funded By

Parkview Financial

Specializing in Ground-Up Construction Financing for Commercial Real Estate