Case Study

Mid-Construction Takeout Loan

Loan Details

Loan Amount:  $500,000

Loan-To-Value:  20% LTV

Rate:  10.0%

Term:  12-Month

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.

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