Featured Loan6-Unit New Construction Financing
Loan Amount: $1,500,000
Loan-To-Value: 65% Land | 100% Build
Situation & Challenge
A Portland builder owned the Northeast Portland infill lot free and clear, was nearing completion on permits, and needed financing to get the project underway.
Solution & Result
First Capital Trust Deeds worked with one of our preferred construction lenders to pull $350,000 out on the land for cash on hand and construction financing of $1,150,000, covering 100% of the cost to build.