Case Study

6-Unit New Construction Financing

Loan Details

Loan Amount:  $1,500,000

Loan-To-Value: 65% Land | 100% Build

Rate:  9.25%

Term:  15-Month

Situation & Challenge

A Portland builder owned the Northeast Portland infill lot free nd 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. 

Do you have a similar financing scenario?
Inquire about your financing options with FCTD.