$2,233,000 Line of Credit, Single-Family

Encinitas, CA. 6/2025. 

Encinitas, CA – June 2025 — A repeat borrower has successfully secured a $2,233,000 construction loan for a distinctive residential property in the desirable coastal community of Encinitas, California. The funding supports a creative redevelopment project that reflects both financial strength and community-minded innovation.

The property, originally a single-family home, has been thoughtfully transformed into two independent living spaces, while maintaining a conservative combined loan-to-value (CLTV) ratio of just 62%. The main residence has been extensively renovated into a modern, four-bedroom, three-bath home, providing comfortable living in a high-demand neighborhood.

In addition to the primary home, a new detached two-bedroom, two-bath unit was constructed on the property. Rather than serving as a traditional rental, the borrower took a forward-thinking approach by converting the second unit into a licensed childcare facility. This adaptive reuse not only generates consistent cash flow for the borrower but also fills a critical service gap for working families in the area.

The project stands as a clear example of our lending strategy in action: partnering with experienced borrowers to finance well-secured, high-potential properties that deliver both solid financial returns and positive contributions to the local community.