Bridge Loan

Schelin Downes & Co

Inglewood Redevelopment
Inglewood, CA
19 acres of land

Principals of Schelin Uldricks & Co. arranged a $17.5MM bridge loan along with joint venture equity to acquire and entitle a 19-acre site in Inglewood, CA. At the time of close there was a vacant hospital on the property. The developer’s plans for the site were to obtain approvals and build townhomes.

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