Featured Loan40% LTV Mid-Construction Completion Loan
Loan Amount: $1,800,000
Loan-To-Value: 40% LTV
Situation & Challenge
This is the type of hard money loan that will get done quickly during the COVID-19 pandemic period that we’re entering. The property was owned free & clear, borrower had deep experience in real estate, and the leverage on the loan was only 40%. Trust Deed Investors and lenders will do these loans all the time.
Solution & Result
FCTD used a real estate investment office to fund the 12-month bridge loan. The borrower provided current interior & exterior photos rather than having a full appraisal on the property.