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This two-unit property was acquired while one of the units was mid-construction after the original seller ran out of funds. We structured a combined acquisition and construction loan for the new buyer, allowing them to purchase the property and complete the remaining construction in one streamlined financing solution. While the buyer had hands-on construction experience, their background as a general contractor was limited, so the loan was structured with flexibility to support the project through completion. Once construction is finished, the long-term plan is to refinance the property into conventional financing.

Property Details

Price: $1,035,000

Address: 11331 Pioneer Blvd

City: Norwalk

State: CA

Zip Code: 90650

Beds: 4

Baths: 2