Union Home Loan, Inc. Provides $795,000 Bridge Loan For Rehabilitation Of MultiFamily Property In Monterey | 309 Lighthouse Avenue | Union Home Loans | Jennifer Lopez | MultiFamily | Loan

Summary

Loan

CALIFORNIA

MultiFamily

5,396 sqft

The property involved in this transaction is a MultiFamily building located at 309 Lighthouse Avenue in Monterey. It consists of 11 units and has a total square footage of 5,396. The property is owned by Billie Elaine Pennisi.

Summary of transaction details

Property Type: MultiFamily
Transaction Amount: $795,000
Lender: Union Home Loan, Inc.
Loan Type: Bridge Loan
Loan Terms: 24 month term bridge loan for rehab

The lender in this transaction is Union Home Loan, Inc. They provided a bridge loan in the amount of $795,000. The loan has a term of 24 months and is intended for the purpose of rehabilitating the property.

The representative for the borrower in this deal is Jennifer Lopez from United Finance & Investments Inc.

Players

All
2

Agents
1
Lenders
1

Jennifer Lopez

Managing Director

Union Home Loans

Details

Deal Summary

FINANCED

IMAGE: Jennifer Lopez DATE: 09/08/2023 ADDRESS: 309 Lighthouse Avenue MARKET: Monterey ASSET TYPE: MultiFamily ~ UNITS: 11 ~ SF: 5,396 LENDER: Union Home Loan, Inc. LANDLORD: Billie Elaine Pennisi BROKERS: Jennifer Lopez - United Finance & Investments Inc (@Ufigroup.Re) LOAN AMOUNT: $795,000 LOAN TYPE: Bridge Loan LOAN TERMS: 24 month term bridge loan for rehab

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Address309 Lighthouse Avenue

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