$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.
BEACHROCK THANKS EVERYONE INVOLVED IN THIS TRANSACTION!