The borrower is using the funds to purchase the fully entitled and permit ready property for the construction of a residential townhome investment project.
loan overview
$1,000,000
loan priority
1st. Mortgage
loan type
Purchase/Construction
loan to value (LTV)
53%
appraisal value
$1,875,000
interest rate %
Sub 10%
term length (months)
9 months
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