Case Study – Construction Loan
OPPORTUNITY: Construction financing to build 4 high-end townhomes in Brentwood on investment property valued at $3,150,000.
PROFESSION: WHOLESALE/CRE NET WORTH: $126MM
SOLUTION: 24 Month Interest Only IORE Secured Construction Loan
Estimated Sales Price: $11,929,500 ($675 to $700 per sq ft)
Loan: $5,140,000
GDSCR: 1.38 LTV: 55%
OPEN
If you have a similar case, or question, please e-mail me on ceisaac@ymail.com
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