California Mixed Use Construction Completion Loan Funded

Chris Goulart

This property is a mixed use property with three commercial units downstairs and unimproved space upstairs that will be remodeled into twelve residential units.  There was substantial work to be done on this property and we were able to secure funds to assist in both the purchase and the construction completion.

Construction completion exterior

The commercial units downstairs needed basic rehab work to clean, replace and upgrade the units for lease.  Improvements included new plumbing, new electrical, new drywall, fresh paint both inside and out, new central air and heat, windows, doors, flooring and more.  The mix of commercial units include a restaurant, gym and multiple executive offices.

The space upstairs required full construction to add twelve apartments.  The existing space did not include existing apartments, so it was more of a construction loan than a rehab loan.  The total cost of improvements for this project was $400,000.  While there was a lot of work to be done on this project, the borrower had extensive experience and our investors were confident that this project would be successful.

construction completion interior

For more information on these types of loans, visit our hard money construction completion loans page.  We can help finance many different types of projects in need of work, from cosmetic rehab work to ground up construction.  Give us a call for more information!

 

Google Users Reviews

Roseanne Baker
Roseanne Baker
18:45 07 Sep 18
Chris is extremely professional, is a hard worker, always responds back to my emails/calls promptly, and is an expert as what he does. I will definitely recommend him to anyone that is looking for lending services and I will continue to use him for all of my lending needs in the future. You will not be disappointed with his services.read more
lorraine pitre
lorraine pitre
18:44 07 Jun 17
I used All California Lending to provide me with a hard money loan. My loan representative was Chris Goulart. I needed the loan to close in 15 days. Mr. Goulart was able to close the loan in the time frame expected. Several things I admired about Mr. Goulart was that he had great communication via email, text and/or verbal. He was always available. I was even out of the country while he was processing the loan. I came back and the loan was completed. 5 Stars!!!read more
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