Sunset Equity Funding Acquires SFR In Los Feliz For $5.3M Loan

The property involved in this transaction is located at 2475 Glendower Pl. in Los Feliz. It is a single-family residence with a total square footage of 5,050. The transaction took place on 12/07/2020.

Summary of transaction details

• Property Type: Single-Family Residence
• Transaction Amount: $5,342,500
• Market: Los Feliz
• Lender: Sunset Equity Funding - Navid Lavi
• Landlord: Pollock Braden
• Loan Type: Construction
• Loan Terms: 90% LTC Acquisition + 100% of Construction

Navid Lavi, a representative from Sunset Equity Funding, played a vital role in this transaction. Despite the property's history and abandonment for over five decades due to an infamous murder, Navid Lavi saw the opportunity to invest in the Los Feliz Murder Mansion. Sunset Equity Funding decided to fund a total loan amount of $5,342,500, covering both the acquisition and construction costs. In addition to providing financial support, @navidlavi also offered strategic guidance to the borrower, ensuring that the property's historical identity was preserved while creating significant value.