Loan Amount
$2.3M
Product
New Construction
Local Advantage
Principals live in Mission Beach
Status
Successfully exited
The Story
Mission Boulevard is the main artery through Mission Beach, and we know every block of it. Two of our principals live in this neighborhood. When a new construction opportunity came in on Mission Blvd, we didn't need to study the market. We are the market.
We funded $2.3 million for a single-family new construction project. Our block-level familiarity with Mission Beach meant we could assess the lot, the plans, and the end-buyer profile without delay. We knew what finished homes sell for on this stretch, what configurations work, and what buyers in this price range expect.

Throughout construction, we monitored progress with the kind of proximity that only a local lender can offer. When your office is a short walk from the job site, staying close to your collateral isn't a process. It's just part of the day.
Loan Details
Loan Amount
$2,329,069
Loan Type
Single-Family New Construction
Location
Mission Beach, CA
Funded
February 2020
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