Realtor · Coronado, CA · Member since 2013 · 43 posts · 39 votes
Experienced investors looking for a PML. Project is a 13-unit complex in CA that is partially occupied (held by LLC). Financing to be used for next phase of expansion. First position is a seller carried note.
We may have a lender who would consider a second position bridge behind the seller carry up to 75% of the as is value (or as completed value for construction). Im not sure if the values are there or the price points, but might be an option. Can you provide a little more color on the deal?