Featured Loan

Ground-Up Single Family Construction Loan

Loan Details

Loan Amount:  $925,000

Loan-To-Cost: 75% Total Cost (lot + build)

Loan-To-Value:  57% of Future Value

Term:  12-Month

Situation & Challenge

First Capital Trust Deeds received a ground-up construction request from a builder who had a small loan on the vacant lot and wanted 100% Loan-to-Cost (LTC) to build an already permitted 2,700 square foot single family residence on the site.  

Solution & Result

FCTD worked with one of our go-to lenders for private money ground-up construction financing in California to pay off the small balance of the lot loan into a new $925,000 construction loan, giving the builder the desired 100% financing for the ground-up construction. 

From initial application to underwriting and appraisal, the loan closed in 18 days.   

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