Balboa Ave

This deal arrived through a trusted referral: a broker connected us with a spec developer who'd already built and sold an $11 million home in Del Mar. The developer had found a lot on Balboa with strong views and plans already 90% complete from a prior owner who'd backed out. The opportunity was to move fast, buy the lot, and start building immediately.

We funded $4 million for the acquisition and $3 million for construction of a 4,000-square-foot home with an ADU, two stories, pool, and whitewater views from the porch. Total commitment: $7 million. The builder broke ground in September and was nearly finished by March, an extraordinary pace for a luxury hillside build.

Seven months from dirt to a $13-14 million listing is the kind of execution speed that only happens when the borrower, the builder, and the lender are all aligned. We managed draws through the build, verified progress at each milestone, and provided the capital certainty that let the team move without hesitation.