$3.0MM LAND BRIDGE
We are pleased to announce the closing of a $3,000,000 Land Bridge Loan
Beachrock has successfully closed a $3,000,000 land bridge loan on a fully entitled property located in coastal San Diego county. The loan facilitated a partnership buyout, and the completion of the permitting process in advance of construction of the 17 unit project. Additionally, the lender will allow the Developer to demolish the existing improvements on the site due to the fact that they were able to recognize the value of the entitled site. The lender performed in a matter of weeks, and understood the importance of an "on time" closing.
BEACHROCK THANKS EVERYONE INVOLVED IN THIS TRANSACTION!