Logan Investments Provides $4.5M Construction Loan For Los Angeles Development Site With Ron Sentchuk As Lender's Rep

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $4,500,000
• Units: 6
• Address: 10808 & 10812 Morrison Street, Los Angeles
• Market: Los Angeles

A construction loan for the development of a six-unit apartment complex was secured for a property located at 10808 & 10812 Morrison Street in Los Angeles. The loan was provided by Logan Investments and the lender's representative was Ron Sentchuk. The loan amount is $4,500,000 and it is a first lien construction loan with a term of 12 months. The purpose of the loan is to build the apartment complex for business use. The landlord of the property is Barry Bitter.