$3M Construction Loan Secured For $22M Hollywood Hills Luxury Residence By Shawbrook Capital

The asset involved in this transaction is a luxury single-family residence located in the Hollywood Hills, Los Angeles, with a total square footage of 12,200. The property is valued at $22 million and is currently in mid-construction, requiring specific financing to continue its development.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $3,000,000
• Loan Type: Construction
• Loan Terms: 12 months
• Lender's Representatives: Tim Moaeed, Daniel Zand & Matthew Roton - Shawbrook Capital

Shawbrook Capital played a crucial role in this transaction by closing the private loan in just 14 days without the need for an appraisal, enabling the client to keep the construction project on track despite the challenges encountered in securing financing.