$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.
BEACHROCK THANKS EVERYONE INVOLVED IN THIS TRANSACTION!