Case StudyLuxury Spec Home Private Money Bridge Loan
Loan Amount: $1,100,000
Loan-To-Value: 65% LTV
Situation & Challenge
The builder of this luxury spec home wanted to tap into “trapped equity” in their recently completed luxury spec home to be used for their next project.
Solution & Result
First Capital Trust Deeds secured a low-cost private money bridge loan which set aside six payments in an interest reserve account, allowing the investor to focus on selling this property and getting the next project off the ground.