Sunset Equity Funds Provides $5.3M Construction Loan For 28 SFRs In Hanford | Sunset Equity Funding completes $5,340,550 loan in Hanford | Sunset Equity Funding | Navid Lavi | Single Family Residence | Loan

Summary

Loan

CALIFORNIA

Single Family Residence

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.

Players

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2

Agents
1
Lenders
1

Navid Lavi

Senior Vice President

Sunset Equity Funding

Details

Deal Summary

FINANCED

IMAGE: Navid Lavi DATE: 11/12/2021 MARKET: Hanford ASSET TYPE: SFR ~ ACRES: 10 LENDER: Sunset Equity Funding BROKER: Navid Lavi (@NavidLavi) - Sunset Equity Funding LOAN AMOUNT: $5,340,550 LOAN TYPE: Construction Loan LOAN TERMS: 85% LTC Refi + 100% of Construction NOTE FROM BROKER: This deal included the refinance of land & 100% of the ground-up construction cost for 28 SFRs. This is the 1st of 5 phases for a total of 140 SFRs. Navid Lavi of Sunset Equity Funding & his team underwrote the 140 SFR project in order to make sure the total project stayed on schedule with no delays. The project was underwritten at 85% LTC, which included 100% of the construction cost. If you have any questions, please feel free to reach out to @NavidLavi

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AddressSunset Equity Funding completes $5,340,550 loan in Hanford

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