Corona Del Mar, CA

Sridhar Capital completed an $850,000.00 1st TD Loan in September 2023. The property is a Condominium rental property located in Corona Del Mar, CA. Loan to Value ratio was 65%. The total leverage required to close exceeded Sridhar Capital’s general lending guidelines, so Sridhar Capital worked with the existing 2nd Lender to subordinate a portion of their financing to make the deal work for the Borrower. Sridhar Capital’s 12-month Bridge loan funded quickly and allowed the Borrower to payoff a loan that was coming due.