I applaud your chutzpah!!! Are you sure the construction lender will still pull through on this funding??
I just did a purchase loan for a gorgeous new modern in 90068. Purchase price was 1.75m for a little over 2000 sq. ft 3+3. Superior zip code for value but the views were comperable to Silverlake. I think you will be looking at a tidy profit on this one.... more