Venice, CA

$4,500,000

Commercial Land

Purchase

02/16/2017
Transaction by
SDC Capital
$4,500,000 loan for the purchase of land (currently a parking lot) in Venice, CA. Unlike many lenders, SDC Capital allowed the borrower to cross-collateralize the acquired property with a junior lien on another residential property. We charged the borrower 6.95% interest and 1 point.