Sunset Equity Funds Provides $5.3M Construction Loan For 28 SFRs In Hanford

This transaction involves a construction loan for a residential property located in Hanford, with a total land area of 10 acres. The loan was provided by Sunset Equity Funding, a prominent lender in the industry. The broker representing this deal is Navid Lavi from Sunset Equity Funding.

Summary of transaction details

• Property Type: Single-Family Residence (SFR)
• Loan Amount: $5,340,550

Navid Lavi, the broker from Sunset Equity Funding, facilitated the loan for this project. The loan includes a refinance of the land and covers 100% of the ground-up construction cost for 28 SFRs. This construction project is part of a larger development comprising a total of 140 SFRs, which will be completed in five phases. The underwriting for this project was done at a Loan-To-Cost (LTC) ratio of 85%, ensuring sufficient funds for construction. Navid Lavi and his team at Sunset Equity Funding worked diligently to ensure that the project progressed according to schedule without any delays or setbacks.

If you have any further questions or inquiries regarding this deal, please reach out to @NavidLavi.