Mortgage lead for Residential loan in Los Angeles, CA, 91207

Date Posted

12/19/2024 9:56:06 AM

Property at

Los Angeles, CA, 91207, USA Show Map

Borrower at

Los Angeles, CA, 90077, USA Show Map

Property Type

Residential

Property Value

$6,000,000

Loan Request

$1,500,000

LTV

25 %

Credit Rating

780 or more

Net Worth

Over $10,000,000

Loan Purpose

Refinance all

Purpose

DESCRIPTION OF THE BUSINESS PURPOSE LOAN SOUGHT
The loan will be secured by two separate properties:
Property A: First position on 34.2 Acres Valued at 6,000,000 after improvement As Is value $2,000,000-$2,500,000>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Property B: A Second position on a non-owner occupied house in Bel-Air, California, Valued at $15,000,0000 with a first of $5.5 million>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

Property A: The Applicant, Keith M. Fromm, owns a 34.2 acre piece of raw land (the ‘‘Property’’) located in
Elverta, California which is a suburb of Sacramento. The Applicant has owned the Property for 32
years and it is free and clear. >>>>>>>>>>>> General Plan1 1 is currently zoned AG-20 with the County Use Code of Vacant-Residential.
The last update to the Sacramento County General Plan was in 2011 with a plan horizon to 2030. The County’s previous General Plan’s planning horizon was 1990 to 2010.
Sacramento’s recent growth has outstripped previous estimates.
Application to amend the General Plan, amend the Community Plan, amend the zoning designation and
obtain a tentative subdivision map to subdivide the 34.2 acre parcel into seventeen (17) two (2) acre single family residential lots.
Client is seeking a private (hard money loan for 24 months).

Property B is a Celebrity mansion in Bel-Air, California. The Client plans to sell the property in the next 24 months, and that is the main exit plan. Please google The: Sradella Court Mansion 10755 Stradella Ct. Bel Air for pictures and information.
The client is seeking a private (hard money loan for 24 months).
See attachments and links.

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Loan Request for Residential loan in Los Angeles, CA, 91207