Construction Financing for Ultra Luxury Home; Pacific Palisades, California
- Loan Amount
- $53,000,000
- Property Type
- Ultra Luxury Home
- Area
- Pacific Palisades, CA
- Purpose
- Construction Loan
- Brand
- N/A
**First Financial Capital** successfully funded the sponsor for a construction loan of an ultra-luxury home in the Pacific Palisades. The complexity of this transaction involved paying off existing debt on a near completed project & forecasting the future value of this home which is what FFC does best. The sponsor carried our financing for eight months and paid off the loan without any prepayment penalties.
We understand that it is hard to predict when an asset will sell, so we work with our borrowers to offer favorable renewal terms and no prepayment penalties to give our borrowers a competitive advantage in the real estate space.
