First Capital Trust Deeds secured the Bay Area luxury home construction loan for a developer utilizing low-cost bank funds to finance the $1,800,000 project.
Most of the time, FCTD originates private money loans for our real estate investor clients. However, there are instances when the borrower and project merit lower cost bank financing. Since we are always looking for better programs in the private money and bank lending world for our clients, we came across a bank that had an appetite for luxury home construction loans in California.
This situation in the East Bay was a perfect fit between a financially strong borrower with a great track record and this bank that was seeking high-end projects in and around San Francisco.
Bay Area Luxury Home Construction Loan Terms:
- $1,800,000 Loan Amount
- 12-Month Term