LOS ANGELES PRIVATE MONEY LENDER ANNOUNCES REFINANCE LOAN IN LOS ANGELES
LOS ANGELES, March 9, 2021 – Brooktree Advisors, Inc announced today that it has provided a $3,250,000 refinance loan for a 150-unit multifamily development site in Los Angeles, CA.
The 18,720 SF site sits across three parcels in LA’s Westlake South neighborhood, just west of the rapidly growing South Park neighborhood. The borrower has added significant value by securing entitlements for the development.
The borrower requested $3.25M to pay off existing debt on the Property and to fund an interest reserve and cover the associated costs and fees until they are ready to pursue a construction loan.
Brooktree Fund is a private money lending fund capable of funding loans in 5 to 7 business days. With over $100M in loans funded the private money lender provides loans for non-owner occupied commercial, industrial, land, and residential real estate in California. Loan types include rehab, fix and flip, acquisition, construction, and refinance.
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