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La Jolla, CA – Residential Construction (cross-collateral)

  • Loan Amount: $2,500,000.00
  • Term: 12 months

The borrowers ran out of cash to complete building their dream home.  However, traditional banks would not lend to them as they had too much debt on this ongoing construction project.  Herzer Financial stepped in to cross-collateralize other properties for a construction loan.  Cross-collateralization is one of the many tools we use as a private lender when others say it can’t be done.