Continental Partners Provides $12.95MM Bridge Loan For Luxury SFR Acquisition In Beverly Hills | 1130 Carolyn Way | Dave Brelian, JM Grimaldi | Single Family | Loan

Summary

Loan

CALIFORNIA

Single Family

12,127 sqft

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.

Players

All
3

Agents
2
Agencies
1

Dave Brelian

Associate

JM Grimaldi

Executive Vice President

Continental Partners

Details

Deal Summary

FINANCED

IMAGE: JM Grimaldi & Dave Brelian DATE: 01/17/2024 ADDRESS: 1130 Carolyn Way MARKET: Beverly Hills ASSET TYPE: Single Family ~ SF: 12,127 LENDER: Continental Partners LENDER'S REP: JM Grimaldi (@Watchtog) & Dave Brelian (@DaveBrelian) - Continental Partners (@ContiPartners) LOAN AMOUNT: $12,950,000 LOAN TYPE: Bridge Loan LOAN TERMS: 2-years, interest only NOTE FROM LENDER'S REP: Continental Partners is pleased to announce the closing of $12.95M.95M in acquisition/bridge financing for a luxury SFR in the heart of prestigious Beverly Hills. This contemporary estate boasts state-of-the art design and breathtaking city views. Loan proceeds were structured at 70% of purchase price and closed in two weeks from application.

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Address1130 Carolyn Way

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