- Experienced Sponsors
- Excellent North County Beach Area Location
- High Walkability to Dining and Shopping
- Very Near to the Del Mar Racetrack & Train Station
- Permits in Hand
- Map Recorded for Cloud Condos
- 58% LTV
…the compelling underwriting factors in support of this transaction can be summed up in those 7 bullets.
A measurable percentage of the construction projects financed by SFG of California are in the coastal band, and this one typifies the balance of coastal location, product design, experienced sponsors and numbers that we seek for these high quality, infill requests. SFG provided the bridge acquisition financing for this property. The sponsors completed the few remaining hurdles necessary to obtain the building permits, and SFG quickly took out the existing bridge loan with the construction financing. It was no more complicated than that!
Watch a video on the completed houses here.
Whether you are financing construction of cloud condos at the beach, multifamily in core locations, detached spec residential in the desert or mixed-use projects in select urban locations, make Seattle Funding Group your first call.
Click Here to read a recent BisNow article about some of the new projects around Solana Beach…including this one!