$8MM NON-RECOURSE AD&C LOAN 3 LUXURY HOMES IN WESTLAKE VILLAGE

We are pleased to announce that we have recently closed a $8MM non-recourse AD&C loan.  

This transaction featured an outstanding location, with partially finished lots, as the photos clearly show!  Due to the capital already put into the project by the ownership group, Beachrock needed to locate a lender that would allow the recapture of a portion of that equity at close.  Additionally, because the expected sales price of the proposed homes exceeds the average home price in the immediate area, it was CRITICAL to locate a lender that understood the spectacular nature of the property, and look to the surrounding area for comparable home of equal, exceptional quality.   
We cannot wait to see the finished product, as this project is truly irreplaceable!

BEACHROCK THANKS EVERYONE INVOLVED IN THIS TRANSACTION!