Deal Summary: ABP Capital worked with a local developer to finance their acquisition of an ocean-view lot at the top of a cul-de-sac in Point Loma, CA, and the subsequent construction of a 4,000sf. single family residence. ABP Capital was able to underwrite and fund the deal quickly, allowing the local developer to purchase the lot and begin securing construction permits.
Loan Amount: $1,076,350
Loan Type: Acquisition Financing
Loan Term: 12 Months
Property Type: Single Family Residence
Property Location: San Diego, CA
Lot Size: 5,001 sf.
Property Square Footage: 4,000 sf.