© FUNDED LOAN SEPTEMBER 2022
$1,860,000 1st DOT Refinance/Construction Loan
First deed of trust · Refinance · Construction loan · Land
SUCCESS STORY
A repeat borrower needed to refinance and fund construction on a land parcel.
LOAN GOAT ACTION
A $1,860,000 first trust deed refinance construction loan, at roughly 60% of value, with a construction holdback released on draws. The loan is repaid through stabilization and a refinance.
VALUE ADDED
The loan funded, and the borrower replaced the maturing debt and kept control of the property. The property stayed in the borrower's hands.
© MORE FUNDED LOANS CONSTRUCTION LOANS
MORE FUNDED LOANS
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$1,800,000 1st DOT Refinance/Construction Loan
A repeat borrower needed to refinance and fund construction on a land parcel.
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$2,600,000 1st DOT Refinance/Construction Loan
A repeat borrower needed to refinance and fund construction on a retail property in Chula Vista.
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$1,100,000 1st DOT Purchase/Bridge Loan
A repeat borrower needed to close the purchase of a multi-family building in Imperial Beach on a tight timeline.
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