Sunset Equity Funding Provides Construction Loan For 36-Acre Riverside Development

A loan was originated by Navid Lavi of Sunset Equity Funding for the purchase of a 36-acre subdivided land in Riverside, California. The loan also covers 100% of the construction cost for 7 luxury homes. The loan was tailored to meet the client's needs, providing 90% LTC (loan-to-cost) for the acquisition and 100% of the construction expenses. Sunset Equity Funding, a nationwide lender, offers competitive rates starting from 6.99% and as low as 1 point for rehab and ground-up construction projects.

Summary of transaction details

• Property Type: SFR
• Transaction Amount: $9,698,003
• Address: 13890-7580 Spencer Ct., Riverside
• Market: Riverside
• Acres: 36

Navid Lavi, representing Sunset Equity Funding, facilitated the loan for this ground-up construction project. He assisted the client in designing a loan that allowed for a high LTC ratio and covered both the land acquisition and construction expenses. For more information or inquiries, please contact Navid Lavi at 213-216-6216.