Mortgage lead for Commercial loan in Los Angeles, CA, 90731

Date Posted

9/21/2026 10:36:29 AM

Property at

Los Angeles, CA, 90731, USA Show Map

Borrower at

Property Type

Commercial

Property Value

$30,800,000

Loan Request

$17,300,000

LTV

56.17 %

Credit Rating

760-779

Net Worth

Over $10,000,000

Loan Purpose

Refinance all

Purpose

Ready-to-go, shovel-ready 98-unit construction just minutes from the ocean in San Pedro, CA.

Property and Project: The $17,300,000 senior construction loan will finance the ground-up construction and lease-up of a 98-unit, 100% affordable apartment building featuring 1,033 square feet of ground-floor retail.

Location: The development will be built on land already owned by the sponsors at 533-537 S Nelson Street in central San Pedro, California.

Funding Scope: Because the land and entitlements are contributed as sponsor equity, the loan is designated to fund all remaining project costs, which include a $13,657,000 guaranteed maximum price (GMP) construction contract, a 5% contingency, soft costs, and an interest reserve.

Business Strategy: The intended operational purpose is to lease the finished units to Section 8 voucher holders at the HACLA payment standard.

Experience builder with excellent credit and strong financials

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Loan Request for Commercial loan in Los Angeles, CA, 90731