East Bay Private Money Construction Completion Loan

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East Bay Private Money Construction Completion Loan

First Capital Trust Deeds secured an East Bay private money construction completion loan of $1,600,000 for an investor nearing the finalization of a major renovation project.

Construction completion loans come with a few extra items to accomplish with obtaining an ALTA 125% Extended Lender’s Policy for title insurance. The policy is usually based primarily upon borrower’s financial strength, equity in the property, expected completion date, and Loan-to-Value (LTV). Once title is approved, not to say that the rest is easy, but it just comes back to being a regular loan with a lender looking at borrower experience, LTV at current as-is and after repair value (ARV).

Construction Completion Terms:

  • $1,600,000 Loan Amount
  • 10.50% Interest-Only
  • 12-Month Term
  • No Prepayment Penalty
Do you have a similar financing scenario?
Inquire about your financing options with FCTD.