$2,750,000 Bridge Loan in Newport Beach, CA
AB Capital refinanced construction debt on a custom contemporary spec home in Newport Beach, CA. This residence is 80% complete and is comprised of 5,105 sqft with 5 bedrooms and 5.5 bathrooms. The home boasts expansive ocean and city views of Newport Harbor and the ocean. The proceeds from this refinance will be used to finish up construction, stage the property, and list the home for sale. AB Capital’s borrower is an experienced investor and developer. This loan comes with a personal guarantee from the sponsor.