Luxury $6,415,000 Wreck & Spec in Los Angeles, CA

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February 1, 2021

Rodeo Lending closed a Ground-up construction loan for a luxury property in the upscale Los Angeles neighborhood, Brentwood. From the purchase loan for a fixer-upper to the demolition to the ground-up construction of this spectacular project, Rodeo Lending is helping one of our repeat clients from purchase to completion.

 

Deal Highlights:

  • $6,415,000 Loan Amount
  • Purchase Loan to fund controlled Ground-up Construction Financing
  • 65% As-completed value
  • 12-month interest reserve

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