Scott Noya, representing private lenders, handled a loan refinance transaction for the historic Redwood Hollow cottages in La Jolla.
Redwood Hollow is an enclave of historic redwood cottages, some dating back over 100 years, located in a garden setting hidden from view on La Jolla’s trendy Prospect Street. Redwood Hollow is operated as a bed and breakfast inn.
The multi-million-dollar transaction included a partial principal paydown, interest rate increase, loan refinance, term extension, and amendment to the original deed of trust secured in the private lender client’s sale of Redwood Hollow 5 years earlier. Scott Noya also represented the private lenders/sellers in the prior sale transaction.
The loan refinance transaction closed in July 2018.