43% LTV. LENDER FOR CONSTRUCTION OF 2 CONDOS BEACH CLOSE!

[Karen Margrave]

 One and a half blocks to the beach! 

Looking for a construction loan in the amount of $650,000 secured by a 1st deed of trust. Money will be used to build (2) Spec, condos, 1800 sq. ft. each with 3 Bdrms. and 3 Baths. Short walk to beach in San Clemente, CA. Value upon completion will be $1,500,000 (conservative)  Perfect for Vacation Rentals or Family homes. High demand area with no new construction. 

Finishing up design, getting ready to send to structural engineer, then apply for permits. 

Will pay 3 points and 10% interest.

12-18 months

See floor plans

Message me with contact information or questions, and I will send you more detailed information. Brokers or Private parties welcome. 

ALL CONTACT WILL BE KEPT CONFIDENTIAL.