Recently Funded Ground-Up Construction Loan In Chatsworth, California

Loan Scenario:

A seasoned building professional with six verified projects behind them partnered with American Heritage Lending to purchase land and finance a four-unit ground-up development in Chatsworth, California. Our team delivered a construction loan of $1,440,000 against a $965,000 land price and a $750,000 build budget, structured as 12-month interest-only financing so the borrower’s carrying costs stayed lean through the build. With an after-construction value of $1,920,000, the deal penciled at 83.97% loan-to-cost and a disciplined 75% loan-to-ARV, and the borrower’s track record of value-add rehabs, ADU builds, and SB9 projects gave underwriting real confidence in execution.

Chatsworth anchors the northwest corner of the San Fernando Valley, a pocket of Los Angeles where entitled multifamily land is scarce and rental demand runs deep. Adding four brand-new units in a supply-constrained corner of California positions this project to command strong rents at completion, which supports the borrower’s planned refinance exit into long-term financing.

From site work and foundation through rough framing, roofing, and the full mechanical scope, the draw schedule was built to keep the project moving on pace. Developers with a proven history who want capital that moves as fast as they do can start their financing with our team.

Similar Recently Funded Case Studies: Ground-Up Construction Loan in Lafayette, CA  •  Fix & Flip Loan in Marysville, CA  •  Fix & Flip Loan in Newbury Park, CA

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