Share 'Seeking Lender for Residential Development in Beverly Hills, CA 90210'
I am seeking a direct asset based lender for 3 High End Residential projects in Beverly Hills, CA 90210 for loans to $7M.
Plan: Build an 8,500 SF Residence in Bev. Hills ,CA - ARV = $7.5M
Requirements: $3.4M in 2 phases ($600k/$2.8M). Lot Split
Collateral: Current appraisal at $3.5M with $2.4M in Equity. Post Split Val $5.5M+.
2nd Project: Spec home purchased a year ago with an ARV of $5.5…
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