Parkview Financial Provides $7.35M Construction Loan in Los Angeles, CA

Parkview Financial has recently funded a $7.35M construction loan secured by a 1st trust deed. The 18 month loan is a fully‐entitled 0.30 acre multifamily residential site in the Hollywood submarket of Los Angeles, California. The site is approved for the construction of 21 units for lease totaling 23,327 SF. All of the property’s units will be 2 bedroom units, each with a private deck or patio. The four story building is located over one level of underground parking. Site Amenities for the Property include a community rec room, swimming pool, landscaped entertaining patio, rooftop deck, elevator, central A/C and solar panels. Payoff of the loan will be achieved by the refinance of the developed property.