CLOSING ANNOUNCEMENT
$7.75MM of total financing
Joint Venture Equity

We are pleased to announce the closing of a $7,750,000 joint venture investment.  The investment will finance the development and construction of 37 attached townhomes in the San Pedro neighborhood of Los Angeles. 

Beachrock has successfully closed a $7,750,000 joint venture investment.  The investment represented the first transaction within a new relationship and will be used for the development and construction of 37 attached for-sale townhomes in the San Pedro neighborhood of Los Angeles.  With increased uncertainty in the market due to increasing rates, Beachrock identified an investor that could clearly see the value proposition of the homes, as well as the value in establishing a relationship with a "best in class" sponsor.

CLOSING ANNOUNCEMENT
$9.25MM of total financing
CASH OUT BRIDgE!!!

We are pleased to announce the closing of a $9,250,000 bridge loan to accommodate the sellout of homes in the Silverlake neighborhood of Los Angeles. 

Beachrock has successfully closed a $9,250,000 bridge loan on 7 recently completed "Small Lot Ordinance" homes in the Silverlake neighborhood of Los Angeles.  The "quick close" loan refinanced the Builder's original construction loan, and provided significant cash out by unlocking cash and market equity trapped in the project.  Beachrock identified a bridge lender that immediately recognized the value of the collateral and provided the cash out refinance at a favorable rate and terms.  

CLOSING ANNOUNCEMENT
$7.0MM of total financing

We are pleased to announce the closing of a $7,000,000 Construction Loan to accommodate the construction of 37 SFRs in California's high desert

Beachrock has successfully closed a $7,000,000 construction loan for a Los Angeles based private developer.  The financing will accommodate the construction of 37 proposed single family detached homes located in the high desert area submarket of Los Angeles.  Beachrock located a lender that was able to recognize the marketability of homes that will be sold to military service personnel and defense contractors.

The loan represents the first successful loan provided by the bank to the developer under an approved $10,000,000 guidance line facility. 

CLOSING ANNOUNCEMENT
$1.0MM of total financing

We are pleased to announce the closing of a $1,000,000 subordinated debt investment for the purchase of an existing industrial building by the tenant.  

Beachrock has successfully closed a $1,000,000 junior loan to accommodate the gap between the senior lender and the owner's equity contribution.  Beachrock was able to find a lender that could underwrite the value of the property, as well as the cash flows of the underlying business, despite the fact that the business had been temporarily impacted by COVID restrictions.  

CLOSING ANNOUNCEMENT
$10.0MM financing facility

We are pleased to announce the closing of a $10,000,000 construction facility to facilitate the construction of for-sale residential housing.    

Beachrock has successfully closed a $10,000,000 loan facility to facilitate the construction of attached and detached for-sale housing in Southern California markets.  The lender immediately underwrote and funded a commitment for the construction of two single family homes, and began underwriting a second project for five proposed homes.  The facility allows the borrower to quickly fund new projects on favorable terms.  

CLOSING ANNOUNCEMENT
$20MM of total financing

We are pleased to announce the closing of a $20.000,000 joint venture equity placement to facilitate the purchase and renovation of a 265 unit apartment complex.     

Beachrock has successfully closed a $20,000,000 joint venture equity investment that will be used to facilitate the purchase of an existing 265 unit apartment complex.  Beachrock was able to locate an investment partner who was able to recognize the favorable per-door basis and significant upside in the transaction.  

CLOSING ANNOUNCEMENT
$2.0MM of total financing

We are pleased to announce the closing of a $2,000,000 land loan to facilitate the purchase of industrial land located in the Inland Empire.    

Beachrock has successfully closed a $2,000,000 land bridge loan used to purchase a 3.1 acre industrial parcel located in Jurupa Valley.  The project's sponsors were looking for a loan with terms that reflected the favorable purchase basis, as well as the value of the entitlement work that had already been completed to that point.  The lender was able to recognize these factors and provided a loan that included ongoing funding for the remaining predevelopment expenses, with the intent to provide the construction loan in the future to accommodate the construction of the proposed 58,000 sf improvement when ready.  

BEACHROCK THANKS EVERYONE INVOLVED IN THIS TRANSACTION!

CLOSING ANNOUNCEMENT
$3.0MM of total financing

We are pleased to announce the closing of loans totaling $3,040,000 to facilitate the construction of four homes in Big Bear, CA.  

Beachrock has successfully closed loans totaling $3,040,000 which will be used to facilitate the construction of four single family homes located in Big Bear, CA.  The closings represent a series of ongoing loans that the builder is using to finance the construction of the overall project.  The construction of the subject homes is well underway!

CLOSING ANNOUNCEMENT
$3.5MM of total financing

We are pleased to announce the closing of a $3,500,000 land loan to facilitate the purchase and predevelopment of a proposed 18 unit residential project located in Dana Point, CA. 

Beachrock has successfully closed a $3,500,000 land loan which was used to facilitate the purchase of a project located in Dana Point, CA.  The project was approved, but will require additional time to process building plans and other predevelopment activity.  The loan allowed the borrower to close on the property, while allowing additional time to achieve the typical prerequisite conditions of a construction loan.  

CLOSING ANNOUNCEMENT
$7.6MM of total financing

We are pleased to announce the closing of a $7,640,000 Construction
Loan for a proposed seven unit SLO project

Beachrock has successfully closed a $7,640,000 construction loan for a Los Angeles based private developer. 
The financing will accommodate the construction of an proposed seven unit "SLO" project located in the Echo Park neighborhood of Los Angeles. 

The loan represents the second successful loan provided by the bank to the developer, and exceeded 80% LTC. 
The development of the site is already underway!

CLOSING ANNOUNCEMENT
$4.74MM of total financing

We are pleased to announce the closing of a $4,740,000 equity investment
for the purchase and renovation of 100 apartment units.  

Beachrock has successfully closed a $4,740,000 joint venture equity investment for the purchase, renovation, and sale of 100 rental units across two properties in the "Mountain West" region of the US.  Beachrock was able to secure an investor who was able to see the underlying value of the region's positive demographics, and keep pace with rapidly changing interest rates, and the associated changes in the cost of the underlying financing of the project. 

CLOSING ANNOUNCEMENT
$11.0MM of total financing

We are pleased to announce the closing of a $11,000,000 bridge loan
to facilitate the "quick close" of a boutique hotel.  

Beachrock has successfully closed a $11,000,000 bridge loan to facilitate the purchase of an unflagged boutique hotel.  Beachrock was able to source a lender that understood the underlying value of the property, despite the current ADR, which was significantly under market.  The lender provided the unique combination of a quick close, combined with a favorable rate that will allow the purchaser to comfortably hold the property while interior and exterior renovations are completed. 

CLOSING ANNOUNCEMENT
$3.3MM of total financing

We are pleased to announce the closing of a $3,300,000 land bridge loan to facilitate the remaining processing of a proposed 100 unit apartment complex.   

Beachrock has successfully closed a $3,300,000 land bridge loan to facilitate the remaining processing of an assemblage located in the San Pedro neighborhood of Los Angeles.  The loan will accommodate the remaining processing needed to being construction on a proposed 100 unit apartment complex.  Beachrock was able to secure a lender that could understand the underlying value of the property, and the remaining permitting necessary for the proposed project.  

CLOSING ANNOUNCEMENT
$9.6MM of total financing

We are pleased to announce the closing of a $9,612,000 joint venture equity investment
to purchase a 4.2 acre retail plaza, well located in Orange County.  

Beachrock has successfully closed a $9,612,000 joint venture equity investment to purchase a well located, infill retail shopping plaza in Orange County.  The investment will accommodate the longer term hold of the asset, as well as various value-add strategies.  Beachrock was able to secure an investor that understood, not only the current value, but also the future potential of the site.  

$25MM Construction Loan

We are pleased to announce the closing of a $25,000,000 Construction Loan

Beachrock recently closed a $25,000,000 construction loan. The loan will facilitate the completion of a luxury 20-unit stacked flat condominium project located near the Huntington Beach Pier. Beachrock worked with the developer to secure a construction loan from a lender that recognized the value represented by the project's irreplaceable location, and accommodated the ownership structure, which included foreign nationals.

The development of the site is already underway!

BEACHROCK THANKS EVERYONE INVOLVED IN THIS TRANSACTION!

$21MM of total financing

We are pleased to announce the closing of a $15,500,000 Construction Loan
and a $5,500,000 Preferred Equity Investment

Beachrock has successfully closed $21,000,000 of total financing, which included a $15,500,000 senior construction loan and a $5,500,000 preferred equity investment.  The financing will accommodate the ground up construction of an 84 unit apartment project located in the Koreatown area of Los Angeles.  

Due to our Client's desire to hold the asset long term, we needed to find a capital structure that would facilitate the construction and lease up of the project, but would also accommodate a smooth and amicable refinance of both tranches of capital upon completion and refinance into permanent financing.  

The development of the site is already underway!

$7.4MM JV Equity Investment

We are pleased to announce the closing of a $7,424,000 joint venture investment to facilitate the repositioning of a 208 unit apartment project

Beachrock has procured a $7,724,000 joint venture investment to facilitate the purchase and repositioning of a 208 unit apartment complex.   The new investor was able to understand the local market conditions and leverage a long term relationship. 

Before Photos

After Photos

$2.7MM Land Bridge

We are pleased to announce the closing of a $2,700,000 Land Bridge Loan to facilitate the purchase of a fully entitled 80 unit "Townhome for Rent" project.

Beachrock procured a $2,700,000 land bridge loan to facilitate a "fast close" transaction whereby our Client needed to quickly meet the conditions of their purchase agreement.  Beachrock located a lender that not only offered excellent terms, but also immediately recognized the value of the property, and could meet the timing demanded by the circumstances.  

While the project was fully entitled for 80 units at the close of escrow, the loan will facilitate the remaining permitting for the proposed 80 unit project and will ultimately roll into a development loan with the lender offering the developer a credit back for any duplicate loan fees paid.  

$1.4MM Construction Loan

We are pleased to announce the closings of a series of construction loans
totaling $1,357,500 in Big Bear, CA

Beachrock sourced a $1,357,500 construction loan to facilitate the construction of two single family homes, representing Phase 3 of a larger 23 unit subdivision.  Beachrock was successful in finding a lender that was able to understand the dynamics of the Big Bear market, and the underlying strong demand for new housing.  

$2.0MM Commercial Mortgage

We are pleased to announce the closing of a $2,058,000 Commercial Mortgage

Beachrock has successfully closed a $2,058,000 commercial mortgage for an owner occupied property. 
Beachrock located a lender that could facilitate the borrower's option, which was set to expire within weeks.  A traditional bank lender was not an option due to the short timeframe, and the need to recognize the equity relative to the borrower's favorable option price. 

The loan was critical to the Client as both market conditions and significant improvements made to the property created significant equity which would have been lost had the option expired.  Additionally, as the operational headquarters of the Company, control of the property was critical to giving the company long term security.  The loan allowed our Client to effectuate the purchase of the property, thereby locking in the equity they had in the property relative to the option price. 
As a start up venture, the loan will also allow them to show positive cash flow and profitability in the future when a refinance with a traditional lender is sought.  

Beachrock has successfully closed a $1,480,000 loan that that was used to facilitate the "quick close" of a parcel in Newport Beach, CA.  Our client sourced a parcel at a below market price and a 1-week close. 
Beachrock found a lender that was familiar with the market, and understood the value of the underlying lot, rather than the value of the existing improvements. 
The lender closed the transaction by the deadline!

$1.2MM Land Bridge Loan

We are pleased to announce the closing of a $1,228,000 Land Bridge Loan

Beachrock has successfully closed a $1,228,000 land bridge loan which has allowed our Client to meet the terms of a favorable purchase option. 
The property, which is located in Whittier, CA is entitled for a 17 moderately priced homes.  The financing will also allow our Client to continue to process final building permits, as well as additional time to finalize the construction loan and joint venture partner.
Beachrock located a lender that had the ability to recognize the value of the entitled property, and close in under two weeks.  
 

BEACHROCK THANKS EVERYONE INVOLVED IN THIS TRANSACTION!

CLOSING ANNOUNCEMENT
$5.5MM Construction Completion Loan

We are pleased to announce the closing of a $5,500,000 Construction Completion Loan

Beachrock has closed a $5,500,000 construction completion loan. The loan will facilitate the completion of a 20-unit stacked flat apartment building located in the mid-city area of Los Angeles which was approximately 75% complete at the time of the refinance. A refinance was necessary due to the previous lender's failure to perform. Beachrock was able to find a lender who was able to understand the nuance of a mid-construction refinance, and who was able to offer aggressive pricing that reflected both the A+ location, and the limited market exposure.

CLOSING ANNOUNCEMENT
$4.0MM Preferred Equity Investment

We are pleased to announce the closing of a $4,000,000 investment to facilitate the construction of a 96 unit apartment project

Beachrock has procured a $4.0MM investment to facilitate the ground up construction of 96 apartments in Ventura County.   The financing allowed the Developer to meet the construction lender's equity requirement in a way that would ultimately allow for a long term hold of the asset.  

The new investor was able to understand the local market conditions given the impact of COVID.  Both Developer and Investor were able to work through the difficulties and delays caused by COVID, and successfully close the deal, and have already started sitework!

CLOSING ANNOUNCEMENT
$700,000 Commercial Mortgage

We are pleased to announce the closing of a $700,000 Commercial Mortgage to provide permanent financing for a fully leased ground floor retail space.

Beachrock has procured a 10 year commercial mortgage collateralized by a ground floor retail space.  While this was a smaller transaction, it allowed the developer to retain the property as a long term asset rather than sell to a third party investor.  The tenant was a restaurant operator who had successfully established a take-out business during COVID.  Beachrock identified a bank that took the time to understand both the tenant, and the underlying value of the parcel, to allow for favorable pricing and advance rates.  

CLOSING ANNOUNCEMENT
$2.4MM Construction Loan

We are pleased to announce the closings of a series of construction loans totaling $2,400,000 in Big Bear, CA

Beachrock sourced two loans totaling $2.4MM of funding commitments to facilitate the construction of four single family homes, representing Phase 1 of a larger 23 unit subdivision.  Beachrock was successful in finding a lender that was able to understand the dynamics of the Big Bear market, and the underlying strong demand for new housing.  

CLOSING ANNOUNCEMENT
$1.3MM Land Bridge Loan

We are pleased to announce the closing of a $1,300,000 Land Bridge Loan

Beachrock has successfully closed a $1.3MM land bridge loan to facilitate the final processing of a 7 unit "SLO" community in Echo Park.  The financing will allow the Developer to finalize the remaining permitting as required by the construction lender, and demolish the existing homes on the parcels.  Beachrock was able to source a lender that understood the underlying value of the entitled land and would therefor allow for the demolition of the existing improvements.  The lender was also able to offer exceptional pricing due to the lower LTV and shorter term nature of the financing request.  The loan closed in under 2 weeks from start to finish.  

CLOSING ANNOUNCEMENT
$6.45MM Construction Completion Loan

We are pleased to announce the closing of a $6,450,000 Construction Completion Loan

Beachrock has successfully closed a $6,450,000 loan that will facilitate the completion of three separate "4-plex" apartment projects located in various Los Angeles neighborhoods.  Beachrock was able to source a lender that understands the high demand for workforce housing, and that could accommodate the complexity of a mid-construction refinance.  The financing will allow the developer to complete the construction of the projects and sell the properties as a portfolio to awaiting investors.  

CLOSING ANNOUNCEMENT
$2.4MM Construction Loan

We are pleased to announce the closing of a $2.4MM Senior Construction Loan

Beachrock has procured a construction loan to facilitate the remaining build out of 5 homes located in the Central Coast. The financing allowed the Sponsor to refinance out the existing construction lender who indicated an unwillingness to continue with the project due to COVID related issues.

The new lender was able to recognize that the Central Coast has become even MORE in demand due to COVID, and that the attributes of the project, including fairway view from each home, would ensure strong demand!

CLOSING ANNOUNCEMENT
$1.1MM Commercial Mortgage

We are pleased to announce the closing of a $1.1MM Commercial Mortgage to provide permanent financing for the "Mixed use" component of a for-Sale Housing project.

Beachrock has procured a 10 year commercial mortgage collateralized by owner-occupied office, and a ground floor retail space. Beachrock was able to source a bank lender that was willing to consider making the loan despite COVID concerns related to the tenant's intention to operate an cream parlor. We were able to educate the lender, and allow them to understand that similar establishments in the immediate area had actually INCREASED receipts during COVID restrictions. Due to this, the Borrower was able to get an exceptional rate and advance.

CLOSING ANNOUNCEMENT
$5.7MM JV Investment

We are pleased to announce the closing of a $5.7MM Joint Venture

Beachrock has closed a $5.7MM joint venture investment to facilitate a 117 unit "value add" multifamily acquisition. The sponsor and investor were both able understand the underlying value of the asset and the favorable purchase price. Both parties were able to agree on a strategy that will allow them to hold the asset until the impact of the value-add improvements would be able to be realized, after the impact of COVID19 subsides.

CLOSING ANNOUNCEMENT
$30MM Mid-Construction Refinance

We are pleased to announce the concurrent closing of two loans needed to refinance the existing lenders.

Beachrock sourced two loans to refinance two existing lenders on two phases of a Small Lot Ordinance project located in the Echo Park area of Los Angeles. The first lender was able to refinance Phase 1, which was substantially complete, into a standing inventory loan at a favorable rate. The second lender was able to refinance Phase 2 of the project and accommodate the remaining construction costs. Taken together, the loans have allowed the builder to accommodate COVID related delays, and successfully complete the project.

CLOSING ANNOUNCEMENT
$2.0MM Land Bridge

We are pleased to announce the closing of a $2.0MM Land Bridge Loan

Beachrock has successfully closed a $2.0MM land bridge loan to facilitate the purchase of the final parcels of a larger assemblage that is slated for a 100 unit apartment complex in the San Pedro area of Los Angeles.

Beachrock was able to source a non-bank lender that could accommodate the non-recourse request. This was achieved by working with a lender that was both locally based, but also extremely knowledgeable in the Los Angeles entitlement process, as well as the underlying value of real estate. The lender was able to close in under 30 days, without an appraisal.

Closing Announcement!
$3.75MM Land Bridge in Koreatown, Los Angeles POST COVID19 CLOSING!!!!!

We are pleased to announce the recent closing of a $3.75MM Land Bridge Loan to accommodate the remaining engineering of a fully entitled, 84 unit apartment project!

This transaction featured a highly experienced developer who has created significant value by creating an assemblage in the highly desirable Korea Town area of Los Angeles, and fully perfecting entitlements for a proposed 84-unit apartment project.  The developer was seeking a long term bridge loan to accommodate remaining processing to bring the project to a permit ready condition ("RTI"), however, due to the onset of the COVID19 pandemic, and the high potential for extended delays within the Planning Department, a long term financing solution was desirable.  Beachrock found a lender that was willing to lend on the project based on the developers successful track record, the value that has been locked in by the approved entitlements, and the core location of the asset.  After locating the "right" lender, both the lender and the borrower worked diligently together to get the financing closed in a very short period of time, despite the difficulties of closing a transaction during the lock down!!.  

Closing Announcement!
$4.8MM Land Bridge in Downtown Los Angeles

We are pleased to announce the recent closing of a $4.8MM Land Bridge Loan to accommodate the purchase and permitting of a 128 unit "micro apartment" project!

This transaction featured a premier location in the heart of downtown Los Angeles, with a property zoned "by right" to accommodate a proposed micro-unit apartment project.  The non-recourse loan will allow the principals to complete all remaining processing to break ground on the 12-story construction project.  

Closing Announcement!
$1.6MM A&D Loan for the development
of 23 SFR Lots in Big Bear, CA!

This transaction featured a premier location in the City of Big Bear that will ultimately afford homeowners with spectacular views, and convenient access to the community and the slopes!  Our Client is a highly experienced developer with a proven track record. 
We needed to find a lender that understood the underlying market demographics and the need for moderately priced housing in the area to facilitate the year round residents who need more than a ski cabin, but less than a luxury mansion. 

Closing Announcement!
Two Apartment "Value Add" Investments

We are pleased to announce that we have recently closed two apartment "value add" investments.

This transaction featured an experienced sponsor with a proven track record of increasing rents, driving valuation up, and successfully exiting deals.  Our Client was searching for a relationship oriented partner that would allow him to successfully scale his business. The pictures below show the revitalized pool amenity, and the creative use of a local artist to dress up an otherwise imposing brick wall, and to drive publicity for the renovation! 

Closing Announcement!
$23MM Land Bridge in Temecula

We are pleased to announce that we have recently closed $23MM Land Bridge Loan on a property in Temecula, CA

This transaction featured a unique property condition that required a lender to deeply understand entitlement processing, and multiple product types.  The property entitled for a variety of different beneficial and viable uses, however, it was pre-sold to two separate bulk buyers who required a zone change, and general plan amendment . Beachrock was able to find a lender that not only understood the overall strength of the market in Temecula, but also understood the underlying value of the land given the variety of "by-right" uses.  

Our Client, supported the effort given his in depth knowledge, and proven track record in the municipality. Additionally, the collateral, was arguably the best remaining parcel in the region!

"Horizontal Apartments"
GP Investment on Four-Project Portfolio

We are pleased to announce that we have recently closed a "GP" level investment on a portfolio of four large scale "horizontal apartment" projects. 

This transaction featured a highly complex ownership structure necessary to accommodate multiple projects, and multiple levels of ownership.  The investment is poised to take advantage of net migration away from higher cost of living, coastal MSA's, while offering tenants a unique lifestyle, that is unmatched by traditional apartment product.  

We are pleased to announce that we have recently closed a $28MM non-recourse land bridge loan.  

This transaction featured a complex ownership structure that required a non-recourse loan.  While the property is ideal for the intended residential use, the final entitlements, including a general plan amendment could not be completed by the required close date.  Because of this, Beachrock needed to identify a lender that had the ability to understand the "as is" value of the property, the favorable political will to put the proposed entitlements in place, and the outstanding track record of the project's sponsorship.  Given the size of the loan, and the total number of expected lots, this also required a lender that could take the time to understand the overall supply and demand dynamics in the region. 

This transaction featured a very well located parcel, which has all preliminary approvals needed for the development of up to 230 apartment units in a core metro area. 
The land bridge was necessary to accommodate a reasonable sale period for the project.  

This transaction featured an outstanding location, and unique "SLO" (small Lot ordinance) homes that were partially completed (within 6 months of completion). 
The existing lender would not agree to extend the loan without punitive rate and fees, despite the fact that there was ample value in the collateral due to the hot market, and superb nature of the project. 

Beachrock was able to locate a lender that would allow the builder to pull a significant amount of cash at the closing, which was helpful in order to purchase and entitle future projects.  Additionally, because the project was partially complete, it was important to find a lender that was able to understand the nuances of a mid-construction refinance.  

Comments from the Client:

This transaction featured a complex ownership structure that required a non-recourse loan. 
While the property is ideal for the intended residential use, the final entitlements, including a general plan amendment could not be completed by the required close date.  Because of this, Beachrock needed to identify a lender that had the ability to understand the "as is" value of the property, the favorable political will to put the proposed entitlements in place, and the outstanding track record of the project's sponsorship.  Given the size of the loan, and the total number of expected lots, this also required a lender that could take the time to understand the overall supply and demand dynamics in the region. 

Comment from the Client:

This transaction featured the following:

• Due to unforeseen circumstances, the transaction required a lender willing to close quickly, without an appraisal, based only on current sales to validate value.  This required a lender that was very familiar with the underlying sub-market, and sales trends in the area, which was quickly identified.

• Given the mid construction refinance, a lender that was able to understand the complexities of the transaction, and that knew how to work with the title company was critical.  

• Beachrock was able to leverage the excellent reputation of the builder to get the job done in the time allotted.  

This transaction featured the following:

• Due to unexpected delays, the developer needed to find a lender that could fund in under 2 weeks.
  

• Because the property included a large, vacant building, it was important to close with a lender that understood that the "value" of the property was in the land and entitlements, not in the improvements.  By achieving this, Beachrock was able to source a bridge lender that will allow the demolition of the existing structure, thereby eliminating a major management issue, and improving the situation at the property for the surrounding residents.
  

• The ownership structure of the asset included foreign individuals and entities that were quickly accommodated by the lender.
  

• Due to the nature of the borrowing entity, a non-recourse loan was required.    

CLOSING ANNOUNCEMENT!
Beachrock Capital closes a $6MM Construction Revolving Line of Credit and $2,790,000
of JV Equity in Boise,
ID for the construction of 19 Homes

CLOSING ANNOUNCEMENT!
Beachrock Capital closes a $1.6MM land bridge loan on unentitled land in Upland, CA for 19 Attached Townhomes

This transaction featured:

• A knowledgeable lender that was willing to dig into a "by right" entitlement process. 
  

• Lender willing to allow demolition during entitlements improves marketing window for adjacent project, and saves cost by allowing builder to use work crews already mobilized to the site!
  

• Excellent sponsorship who was able to outline the remaining entitlement and permitting process. 
  

• Proven demand for the affordable product proposed on the site. 
  

• Higher advance rate than is typically offered in the market
  

• Non-recourse
  

• Funded in 3 weeks, start to finish!