Borrower will build estate on a 1-acre property in a quiet and peaceful cul-de-sac and flip it.

Opportunity

The borrower found an incredible 1-acre property in an idyllic Atherton, California, cul-de-sac surrounded by luxurious estates and located in the acclaimed Las Lomitas Elementary School District. Recognizing the value of the land, the borrower was able to build a sprawling new estate in an exclusive enclave of luxurious properties. The setting is serene yet convenient to Sand Hill Road venture capital centers, downtown Menlo Park, and Palo Alto. The exit strategy is to build and flip.

Solutions & Outcomes/Results of Loans

This is a refinance, no cash-out bridge loan to give the borrower additional time to get plans/permits ready to build a new home on this lot. The lender is crossing this deal with a lot the borrower owns free and clear as well as a separate loan.