Excited to announce the closing of an $8,000,000 construction loan for a luxury spec home development in Encino, CA.
We secured maximum leverage for our client at 80% LTC, with an 18-month term, no prepayment penalty, post-close appraisal, and 2 extension options - providing plenty of time and flexibility to complete and sell this 11,000+ sq. ft. luxury residence on optimal terms.