FINANCED
Logan Investments Provides $4.5M Construction Loan For Los Angeles Development Site With Ron Sentchuk As Lender's Rep
10808 & 10812 Morrison Street
Development Site
Financed 1 year ago
Summary
Loan
CALIFORNIA
Development Site
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.
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Lenders
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Details
FINANCED
IMAGE: Ron Sentchuk
DATE: 12/28/2021
ADDRESS: 10808 & 10812 Morrison Street
MARKET: Los Angeles
ASSET TYPE: Development Site ~ UNITS: 6
LENDER: Logan Investments (@Logan_Investments_) - Ron Sentchuk ([email protected])
LANDLORD: Barry Bitter
BROKER: Ron Sentchuk (@RonLogan123)
LOAN AMOUNT: $4,500,000
LOAN TYPE: Construction Loan
LOAN TERMS: 1st Lien 12 Months. Building a Six Unit Appt Complex for Business PurposeView on map
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Address10808 & 10812 Morrison Street
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