2475 Glendower Place

  • $5342500
2475 Glendower Avenue, Los Feliz, Los Angeles, CA, USA
Closed Deal Loan

2475 Glendower Place

2475 Glendower Avenue, Los Feliz, Los Angeles, CA, USA
  • $5342500

Building Info

  • Units:
  • Property Type: Single Family
  • Square Feet: 5050

Location

  • Address 2475 Glendower Avenue, Los Feliz, Los Angeles, CA, USA
  • City Los Angeles
  • State/county California
  • Zip/Postal Code 90027
  • Country United States

Description

LOAN
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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