Properties: Cortez Street Land Development

900 CORTEZ, LAGUNA BEACH, CA
4 SINGLE FAMILY VIEW LOTS
BRIDGE LOAN

Loan Terms Funding for 50% of underwriting value, fixed rate, 1-year term and 1-year option to extend.
   
Valuation $2,000,000 based on purchase contract and plans to develop property to 4 single-family residences.
                                 
Status Property is free-and-clear debt.
  
Description 10,000 sq. ft. of land comprised of 3 parcels divisible to four 25’ x 100’ lots. Property is unimproved.
  
Location 900 Cortez Way, Laguna Beach, CA. The Subject location is 3,500’ from the sand above Woods Cove in Laguna Beach.
  
Zoning Single-family residential.

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