Featured LoanMid-Construction Takeout Loan
Loan Amount: $500,000
Loan-To-Value: 20% LTV
Situation & Challenge
The investor, who had several high dollar projects going, wanted additional funds to finish this project, which was 3-4 months out from being ready to list on the market.
Not much of a challenge when the property is owned free and clear while the investor has a successful track record.
Solution & Result
First Capital Trust Deeds worked with a local private money investor to fund a quick $500,000 loan for the borrower. FCTD handled the paperwork for both lender and borrower, making it a very smooth process for all parties.
The loan closed in less than a week without complication.