$22,500,000
Construction Loan
35-Unit Condominium Development
Venice, CA
HRC arranged a $22.5 million, non-recourse construction loan (80% LTC) for the development of a 35-unit condo project in Venice, CA. The units average 1,785 sf ranging in size from 1,180 sf to 2,330 sf, and sales prices ranging from $750,000 to $1,350,000.