Property:

Development of 8 Single Family Homes

Location:

Los Angeles, CA

Financing:

HRC arranged a $7,400,000 construction loan for the development of 8 for sale single family homes located in the Larchmont Village neighborhood in West Los Angeles, just 15 minutes from Downtown. Each home will consist of 3 bedrooms and 3.5 bathrooms, with a 2 car garage totaling 1,975 square feet. The 18-month, 78% LTC, non-recourse fixed rate construction loan was arranged with a Southern California based private lender.