Normal Heights-San Diego, CA

Loan Amount
$335,000

Purchase Price

Final Sale Price
$TBD

Project Details

Back to Recently Funded gallery

June 5, 2020 by Joel 1 Comment

Check out this ADU addition investment property in San Diego, California! Purchase Price of $580,000, loan amount $335k, the property was fully renovated w/ an ADU added. The results were fantastic, and the seller is now in escrow to sell with a list price of $979,000. ADU permits and additions can take quite a bit more time to finish, but the extra square footage and desirability can increase the value greatly. Call Lantzman Lending to discuss how we can finance your ADU investment property.

Learn More about our San Diego Hard Money Loans: https://www.lantzmanlending.com/san-diego-hard-money-lenders/

Comments

Andre Kalkreuter says

July 16, 2020 at 7:02 pm

Good afternoon,

I am on the search for a lender who is currently able to finance an ADU. The property was purchased a year ago for $550k with an outstanding balance of 519k. Our architect is about to submit to the city within the next 2 weeks for permitting, and we already found a contractor who quoted us 230k for a 2bd 2ba at approximately 1100 sq ft. in Emerald Hills, San Diego, CA.

I am looking forward to your response.

Regards,
Andre Kalkreuter

Reply

MARC LANTZMAN

CEO

Marc Lantzman is the CEO of Lantzman Lending. He’s been actively engaged in real estate acquisitions, private mortgage lending and real estate development since 1980. Marc has developed projects in California, Nevada, Washington, Oregon and Arizona, including apartment buildings, shopping centers, motor home parks, in-fill housing projects and single residential sub- divisions. He attended Kent State University, majoring in business and education.

JUSTIN LANTZMAN

President

Justin Lantzman is President of Lantzman Lending. He’s been involved in real estate investment and management since 2001 and has been a licensed real estate broker with the California Department of Real Estate since January 2006. Justin has specialized experience in mortgage fund management and investor relations, loan underwriting and processing, property valuation, loan document preparation, and compliance. He attended the University of Colorado at Boulder prior to transferring to the University of California at San Diego, where he received his B.A.

JOEL ARMSTRONG

Vice President

Joel Armstrong Vice President of Lantzman Lending. He has been involved in real estate finance, brokerage, investment and development since 2001. He received his B.A. in Business Adminstration from the University of San Diego. He has a firm understanding of the private finance arena, a strong network of borrowers and an ethical approach to the lending industry. In addition to California, Joel is also licensed as a Mortgage Agent in the State of Nevada. NMLS ID 383660

858-720-0229

11696 Sorrento Valley Rd, Suite 201
San Diego, CA 92121
CA-DBO CFL #603-e104 | CA-BRE #01522724

6671 S. Las Vegas Blvd., Suite 210, #228
Las Vegas, NV 89119
MLD 4649 and 4615 | NMLS 1578116

Join our email list for hard money financing tips...

Comments

Leave a Reply Cancel reply

MARC LANTZMAN

JUSTIN LANTZMAN

JOEL ARMSTRONG