A large real estate property with a pool

1615 Blue Jay Way, Los Angeles, CA

Purpose: Extra capital access until sale of property.
Property Value: $26 Million, list price is $26 Million
Notes: New Construction
Terms:
Loan Amount: $1,825,000
CLTV: 48%
Term: 12 months
Interest Rate: 10.9%
Source of Loan: Bank Referral

Purpose: To have access to working capital until home is sold.
Property Value: 3rd Party Appraisal at $2 Million
Size: 3 BD, 3 BA, 1900 sf
• Built in 1992
Terms:
Loan Amount: $315,000
CLTV: 42%
Term: 12 months
Interest Rate: 10.9%
Source of Loan: Realtor referral