Brasada Estates Phase 8
San Dimas, CA
$6,148,446
Single-family Residential Project
Residential Construction

LFB Ventures was reengaged by a client seeking financing within a 65 estate lot, 277-acre subdivision in the foothills of San Dimas, CA.  This the third round of financing added 3 production homes ranging from 4,900 to 5,900 square feet with a number of options available making these homes semicustom in design.  Strengthening the request is the fact that all 3 homes have been presold.

Earlier rounds of financing in October 2021 and May 2022 capitalized both vertical starts and banked finished lots.  This will allow future vertical starts to be financed in a phased manner.  LFB has already begun modeling the next round of financing set for a  July close which will add an additional 6 production homes to meet to continued demand for best-in-class production homes and retire the remaining balance from the October 2021 financing.

Returning to higher leverage, LFB closed this request at 65% LTV.  Because the sponsor is a repeat borrower and extremely organized, LFB Ventures was able to close this loan in well under 30 days.

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