Glorietta Blvd

The borrower had just finished building a striking 6,000-square-foot modern home on Glorietta Boulevard, one of Coronado's most desirable streets. The property overlooks the golf course and park, with views stretching to the Coronado Bridge. He owned it free and clear, valued at $8 to $10 million. He needed $2 million for his business.

A $2 million loan against $8-10 million in unencumbered collateral is among the lowest-risk structures in private lending. But even on deals with exceptional LTV, we still walk the property, verify the condition, and confirm the valuation against our own knowledge of the Coronado market. We don't take shortcuts on diligence just because the numbers are favorable.

Coronado is one of our core markets. We know Glorietta Boulevard specifically, we know what new construction trades for on this corridor, and we know that properties with golf course views and alley access command premiums. That local confidence is what lets us fund quickly and move on.