Sunset Equity Funding Acquires SFR In Los Feliz For $5.3M Loan | 2475 Glendower Place | Sunset Equity Funding | Single Family Residence | Loan

Summary

Loan

CALIFORNIA

Single Family Residence

5,050 sqft

The property involved in this transaction is located at 2475 Glendower Pl. in Los Feliz. It is a single-family residence with a total square footage of 5,050. The transaction took place on 12/07/2020.

Summary of transaction details

Property Type: Single-Family Residence
Transaction Amount: $5,342,500
Market: Los Feliz
Lender: Sunset Equity Funding - Navid Lavi
Landlord: Pollock Braden
Loan Type: Construction
Loan Terms: 90% LTC Acquisition + 100% of Construction

Navid Lavi, a representative from Sunset Equity Funding, played a vital role in this transaction. Despite the property's history and abandonment for over five decades due to an infamous murder, Navid Lavi saw the opportunity to invest in the Los Feliz Murder Mansion. Sunset Equity Funding decided to fund a total loan amount of $5,342,500, covering both the acquisition and construction costs. In addition to providing financial support, @navidlavi also offered strategic guidance to the borrower, ensuring that the property's historical identity was preserved while creating significant value.

Players

All
1

Lenders
1

Sunset Equity Funding

Details

Deal Summary

FINANCED

IMAGE: Navid Lavi DATE: 12/07/2020 ADDRESS: 2475 Glendower Pl. MARKET: Los Feliz ASSET TYPE: SFR ~ SF: 5,050 LENDER: Sunset Equity Funding - Navid Lavi (@NavidLavi) LANDLORD: Pollock Braden LOAN AMOUNT: $5,342,500 LOAN TYPE: Construction LOAN TERMS: 90% LTC Acquisition + 100% of Construction NOTES: While most lenders were hesitant to fund a property that had been abandoned for over five decades due to an infamous murder that had occurred there, Navid Lavi of Sunset Equity pioneered the opportunity to capitalize on a true Los Angeles historic landmark known as the Los Feliz Murder Mansion. The veteran hard money lender based in Culver City decided to fund a total loan amount of $5,342,500 while covering 100% of the renovation cost in order for the client to be able to restore the property. In addition, @navidlavi guided the borrower with strategic & financial expertise to create substantial value while preserving the historical identity of the property.

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Address2475 Glendower Place

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