Fay Ave
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.

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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