Acquisition & Construction Financing | Point Loma, CA | $1,635,981
Deal Summary: ABP Capital provided acquisition and construction financing to a local developer to acquire an existing duplex in historic Point Loma, California. The developer plans to build four, 1,300+ square foot town homes on Keats Street. The property is located within walking distance of a large grocery store, Starbucks, and other community amenities.
Loan Amount: $1,635,981
Loan Type: Acquisition and Construction Financing
Loan Term: 12 Months
Property Type: 4-unit Town home
Property Location: Point Loma, CA 92106
Total Lot Size: 5,000 sf.
Property Square Footage: 5,212 sf.
