San Pedro, CA
BOLOUR has provided a $2 million loan, funding the acquisition of a four-parcel land assemblage in San Pedro, California – minutes from the San Pedro Waterfront. The first trust deed loan allows the borrower to complete entitlement, and obtain construction financing for a new 102-unit luxury multifamily development.
Home to the Port of Los Angeles, the San Pedro submarket in recent years has experienced steady redevelopment and increased renter demand. The site is located in the heart of San Pedro, a short commute to many thriving metro LA employment corridors.
HIGHLIGHTS:
- Quick Close
- Transitioning Submarket
- Non-Recourse
- Unentitled Land
