$18.85M Luxury SFR
Development of a Luxury SFR - 17,191 SF
Los Angeles, CA
Parkview Financial closed a $18.85 million loan to a private developer to complete the construction of a luxury, 17,191-square-foot single-family residence located on a 1.16-acre site at 2275 Sunset Plaza Drive in the Hollywood Hills of Los Angeles.
The project, which is approximately 20% complete, will have unobstructed city, mountain, and distant ocean views, an open floor plan, seven bedrooms, nine bathrooms, an “infinity” pool and other water features, family room, dining room, living room, foyer, wine cellar, media room, elevator, and lounge. It is anticipated to complete by June 2023.
“We are pleased to participate on this high-profile luxury home. Ultimately, Parkview’s loan will be repaid with the sale or a bridge loan,” said Paul Rahimian, CEO and Founder of Parkview Financial.
The Los Angeles housing market has shown continued strength and the submarket, site location, design, finishes are premier and will appeal to ultra-high net worth buyers.”