These repeat clients and sponsors were acquiring another beach area property for purposes of teardown and spec construction. The subject property is located in the Hill Section of Hermosa Beach, and it possesses a commanding south-facing view of the ocean and PV Peninsula. The highly experienced, financially capable sponsors were paying over 54% cash down, so when they told us they needed to close within one week, SFG was ready…and with no extra charge for the responsiveness. Even during the holidays!
SFG remains extremely active within the coastal band of Southern California, was able to quickly underwrite and approve the 46% purchase financing, and offers construction financing when the time comes. That flexibility continues to make SFG the private money, portfolio lender of choice for today’s mortgage professionals.
Special thanks to Mickey Hedges with Coldwell Banker Previews. Mickey has long been SFG’s go-to source for market conditions, sales and values on LA’s Westside and in its finest beach communities. Mickey remains an important member of SFG’s extended Team. SFG truly appreciates and highly recommends Mickey and the staff at Coldwell Banker Previews.