La Jolla, CA

Fay Ave #1

Loan Amount

$3.9M

Product

Fix and Flip

Location

La Jolla Village

Status

Successfully exited

The Story

Fay Avenue runs through the center of La Jolla Village, one of the most walkable and desirable retail corridors in coastal San Diego. When this fix-and-flip opportunity came to us, the location alone told us most of what we needed to know. We'd funded deals within blocks of this address before.

We deployed $3.9 million for the project. Our familiarity with La Jolla Village pricing, buyer expectations, and renovation economics meant we could move quickly on diligence and commit with confidence. As always, we stayed close to the project through execution because our capital was the collateral at risk.

Fay Ave #1

The result validated our underwriting. Deals like this are built on years of accumulated knowledge about what works in specific La Jolla micro-markets, knowledge that lets us say yes faster than lenders who are seeing a neighborhood for the first time.

Loan Details

Loan Amount

$3,900,000

Loan Type

Fix and Flip

Location

La Jolla, CA

Funded

July 2019

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