CONSTRUCTION FINANCING
Balboa Financial arranges several financing solutions used to build commercial real estate including: Land Development Loans, Acquisition and Development Loans, First Mortgages and Mezzanine financing. We work with banks and life companies to help our clients meet their construction timelines and return goals.
Pasadena Mixed Use
February 18, 2021
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Construction Financing
JV Equity for the ground-up development of 100 class-A luxury apartments in Pasadena
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Pasadena Mixed Use
February 18, 2021
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Construction Financing
Low-3% rate, 7.5% debt yield untrended, 65% LTC, 15% recourse.
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Hayward SFR
April 20, 2019
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Construction Financing / Construction SFR
80% LTC, fixed for 18 months.
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Melrose Construction
April 17, 2019
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Construction Financing / Multifamily
62% LTC, 55% LTV, 8% DY, 1.25x DSCR, 24 mo term +12, 30 yr amt.
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Melrose Mezzanine Debt
April 15, 2019
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Construction Financing / Multifamily
81% LTC, 6.50%% DY, 24 mo term, 52 MF Units over Retail
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Almaden Condos in San Jose
April 14, 2019
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Construction Financing / Condo
88.5% LTC on Mid Construction take out with $5M cash out to Sponsor, 18 mo term
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