Land Acquisition Loan

Schelin Downes & Co

14th Place
Los Angeles, CA
0.2 acres of Land

Principals of Schelin Uldricks & Co. arranged a small balance 80% LTC land acquisition loan priced at 6.5% for a local Los Angeles-based developer. The financing included an interest reserve and enabled the developer to acquire the site and process plans for a 50-unit micro (250-500 sf) efficiency apartment project.

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