WRF Secures Financing for Prominent Projects

Western Realty Finance, a brokerage specializing in residential construction financing, has successfully arranged over $300 million in construction loan total commitments for homebuilders in the past 24 months!

Here are some of the remarkable projects we've financed:

𝐒𝐚𝐧𝐭𝐚 𝐂𝐫𝐮𝐳 𝐂𝐚. – WRF closed a $40 million revolving construction loan to build 144 for-sale single family detached and townhouse project in Santa Cruz. The construction loan was sourced from our correspondent lender which provided 100% of cost to complete the project as well as the payoff of the existing bridge loan, via the innovative revolver features. There was sufficient appraised land value such that no additional cash equity contribution from the borrowers was required. HillCrest Residences

𝐋𝐨𝐬 𝐀𝐧𝐠𝐞𝐥𝐞𝐬 𝐂𝐚. – WRF closed a combined $46 million construction loan with PACE "sidecar" financing to build 80 units. The financing provided funds for an experienced Los Angeles area developer. The $13.1 million in PACE loan was funded alongside a $33 million senior loan. Rivergate Townhomes

𝐏𝐚𝐥𝐦 𝐒𝐩𝐫𝐢𝐧𝐠𝐬 𝐂𝐚.– WRF closed on a $48 million development and construction loan for initial phases of a luxury development of multi-million detached homes. The residential construction debt was sourced from a private debt fund which provided 80% LTC. The financing was structured for phasing via the innovative multi-loan features, and payoff of the prior development equity financing and work in progress at time of funding. No additional cash equity contribution from borrowers was required. The project is in a favorable market with strong demand for luxury housing.

The new community will deliver a heightened level of luxury and personalized service to the Coachella Valley, including two branded luxury and lifestyle hotels and 84 turn-key single-family detached and paired homes. Talus LaQuinta - Montage Luxury Homes

At Western Realty Finance, we take pride in our ability to provide innovative financing solutions to support the growth and success of our developer clients. We have partnered with Builders Capital as our correspondent lender, enabling us to deliver flexible senior debt capital and contribute to the realization of extraordinary real estate projects.

𝐖𝐞𝐬𝐭𝐞𝐫𝐧 𝐑𝐞𝐚𝐥𝐭𝐲 𝐅𝐢𝐧𝐚𝐧𝐜𝐞 works closely with experienced residential developers to arrange financing for solid projects, with a minimum loan size of $10 Million. With 30 years experience in real estate finance, we know what it takes to arrange a successful financing.

𝐄𝐱𝐩𝐞𝐫𝐢𝐞𝐧𝐜𝐞 𝐭𝐡𝐞 𝐝𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐜𝐞! For a quick analysis of your project, contact David Van Waldick or James Carenza. Let us get you an LOI you can close on.

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