Continental Partners is pleased to announce the closing of a $12.95 million bridge loan for the acquisition of a luxury Single Family Residence (SFR) located at 1130 Carolyn Way in the prestigious Beverly Hills market. The property offers a spacious living area of 12,127 square feet and features a contemporary design with stunning city views.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $12,950,000
• Address: 1130 Carolyn Way, Beverly Hills
• Market: Beverly Hills

The loan was provided by Continental Partners, a prominent lender in the industry. JM Grimaldi and Dave Brelian, representing Continental Partners, facilitated the loan transaction. The bridge loan has a term of 2 years, with interest-only payments.

Continental Partners structured the loan proceeds at 70% of the purchase price, highlighting their confidence in the asset. The financing was processed swiftly, closing within two weeks from application submission.