Palos Verdes Estates, CA - June 2021
From the ground-up (literally), this one-of-a-kind home was thoughtfully built for todays modern luxuries.
This experienced investor is no stranger when it comes to the sunshine and stunning homes of Palos Verdes Estates, California. Upon acquiring this 13,000+ sq ft lot (which casts stunning views of the queens necklace along the South Bay coastline), this investor had a transformative vision they were eager to bring to life.
Giving full attention to every detail and not cutting any corners, our client realized mid-construction that they would need more capital to see the remainder of the project through. CIVIC was able to provide a high-leverage cash-out refinance to tap into the available equity, but... it doesn't stop there. To help our investor stay liquid through completing the project, we were able to provide an additional $1.38M in rehab financing.
The location of this property brings a stunning scenery which contributed to the countless amount of tall windows and folding glass doors to deliver panoramic views throughout. Making a statement with a bold fireplace dressed in black marble, its clear the living area was thoughtfully curated. The doors that border the fireplace bring you out to the infinity pool with coastline views all the way to Malibu.
With liquidity to see the project through and not compromising or straying from the luxurious design strategy and vision, the investor was able to achieve their goals completing their new build now expected to sell for around $6.9M!