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Posts Tagged ‘construction’

Case Study – Residential Construction Loan (Santa Monica)

OPPORTUNITY: Request for a construction loan to construct new high end modular home for primary residence.

BORROWER: Individual

PROFESSION: Medical NET WORTH: Affluent

SOLUTION: Construction Loan

LOAN AMOUNT: $1,925,000

VALUE: $3,200,000 (‘subject to completion’) LTC: 63% LTV: 60%

DTI or GDSCR: N/A

OPEN

If you have a similar case, or question, please e-mail me on ceisaac@ymail.com

“You will get all you want in life, if you help other people get what they want”
– Zig Ziglar

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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