$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!
BEACHROCK THANKS EVERYONE INVOLVED IN THIS TRANSACTION!