Featured LoanGround-Up Single Family Construction Loan
Loan Amount: $925,000
Loan-To-Value: 57% of Future Value
Situation & Challenge
First Capital Trust Deeds received a ground-up construction request from a builder who had an existing 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.
The challenge was to find a lender that would pay off the entire balance of the lot loan and 100% of the build.
Solution & Result
First Capital Trust Deeds worked with one of our go-to funds for private money ground-up construction financing in Southern California to pay off the lot and provide 100% LTC on the build.
The loan closed within 18 days of initial contact.