IMAGE: Navid Lavi
ADDRESS: 13890-7580 Spencer Ct.
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