About this Property in San Diego, CA

On a 5,000 square foot parcel located near San Diego Bay, in the popular Point Loma neighborhood of San Diego, CA, our borrower came to Enact Partners for a $2,200,000 construction loan to demolish a dated single-family home and construct a multi-family building in its place. Four (4) units were approved and constructed each consisting of approximately 2,000 square feet, two bedrooms, two and a quarter baths, garages, decks, and other features. The borrower is local (San Diego) and has experience with residential building projects throughout the county.