Posts Tagged ‘Prefab’

Case Study – Spec RE Construction Loan (Prefab) (Redondo Beach)

December 31, 2018 Leave a comment

OPPORTUNITY: Request for a residential construction loan to construct a spec prefab 4BDR 3.1BATH home in Redondo Beach.

BORROWER: Developer

PROFESSION: Residential Construction Development NET WORTH: Affluent

SOLUTION: Construction Loan

LOAN AMOUNT: $1,237,500


VALUE: $1,650,000 (‘subject to completion’) LTC: 72% LTV: 75%

SQ FT: 2724

COST PER SQ FT: $454/$353

SALES PRICE: $1,850,000 (12/19)


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