$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.
BEACHROCK THANKS EVERYONE INVOLVED IN THIS TRANSACTION!