13890-7580 Spencer Court

  • $9698003
13890 Spencer Ct, Canyon Country, CA, USA
Closed Deal Loan

13890-7580 Spencer Court

13890 Spencer Ct, Canyon Country, CA, USA
  • $9698003
$9,698,003 loan for Single Family property. The deal closed 4 months and 14 days ago.

Building Info

  • Units:
  • Property Type: Single Family
  • Square Feet: 1568160

Location

  • Address 13890 Spencer Ct, Canyon Country, CA, USA
  • City Los Angeles
  • State/county California
  • Zip/Postal Code 91387
  • Area Canyon Country
  • Country United States

Description

LOAN
IMAGE: Navid Lavi
DATE: 06/04/2021
ADDRESS: 13890-7580 Spencer Ct.
MARKET: Riverside
ASSET TYPE: SFR ~ ACRES: 36

LENDER: Sunset Equity Funding – Navid Lavi (@NavidLavi)
LANDLORD: Fairhaven Corp. – Seth Everett Lockwood

LOAN AMOUNT: $9,698,003
LOAN TYPE: Construction
LOAN TERMS: 90% LTC – Acquisition + 100% of Construction

NOTES: While most lenders are not originating loans for Ground Up construction, @NavidLavi of Sunset Equity Funding helped his client design a loan at 90% LTC for the purchase of the 36-acre subdivided land & 100% of the construction cost for 7 luxury homes in one of the most prestigious neighborhoods in Riverside. Sunset Equity Funding is currently lending nationwide & has dropped rates on Rehab & Ground Up construction to as low as 6.99% & points as low as 1.
For any questions, please contact @NavidLavi at 213-216-6216

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