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One Home in Arcadia, CA and One Lot in Laguna Beach, CA

Posted by Avatar Financial

Avatar provided a $1.8 million loan to finance entitlements on an investment lot in Laguna Beach, California. The borrower’s anticipate completion of the entitlements during the term of the 1-year loan. Once complete, the borrower plans to sell the Laguna Beach lot and refinance the Arcadia house.  

  • Loan Amount: $1.8 million
  • LTV: 55%
  • Interest Rate: 8.99%
  • Term: 1 year

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