Patch Of Land Lending Provides $1.71M Loan For Development Site In Vermont Square | 4210 Dalton Avenue | Patch of Land Lending | Development Site | Loan

Summary

Loan

CALIFORNIA

Development Site

2,854 sqft

A development site located at 4210 Dalton Ave in Vermont Square was recently involved in a closed transaction. The property, owned by Pyramid Investments, is situated in the market of Vermont Square. The asset type of this property is a development site.

Summary of transaction details

Property Type: Development Site
Transaction Date: 06/22/2021
Loan Amount: $1,710,000
Building Square Footage: 7,860
Loan Term: 24 Months

The loan for this transaction was provided by Patch of Land Lending, with Tameer Orevi representing the lender. The loan amount is $1,710,000, and it is considered mid-construction financing at 106% loan-to-cost (LTC) based on the cost to date. The loan term is 24 months, and there is no prepayment penalty.

Players

All
1

Lenders
1

Patch of Land Lending

Details

Deal Summary

FINANCED

IMAGE: Tameer Orevi DATE: 06/22/2021 ADDRESS: 4210 Dalton Ave MARKET: Vermont Square ASSET TYPE: Dev Site LENDER: Patch of Land Lending - Tameer Orevi (@TameerOrevi) LANDLORD: Pyramid Investments LOAN AMOUNT: $1,710,000 BSF: 7,860 TERM: Mid-Construction Financing at 106% LTC (based on cost to date), 24 Month Loan Term, and No Prepayment Penalty

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Address4210 Dalton Avenue

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