Bolour Provides $2.66MM for Purchase and Rehab of Luxury Condominium
Bolour’s debt and development expertise will streamline rehab of this Bay-view San Francisco home.
Market: Russian Hill, San Francisco Loan Type: First Trust Deed Loan Property Size: 1,616 s.f. Loan Amount: $2.66MM Asset Type: Luxury Condominium LTV: 85%+
“There is still great value in luxury residential real estate, especially for projects like this – overlooking the Bay in San Francisco’s sought-after Russian Hill neighborhood. BOLOUR not only provided the debt for our borrower to purchase and rehab this condominium, but will also contribute our development expertise, which can be leveraged at every stage of build-out. Our competitive rates and quick close helped us to win this deal, and our construction expertise will help our client streamline their renovation approvals, allowing for the anticipated sale of this condo for nearly double the purchase price within two years.”