New construction — 6 townhomes

Property & underwriting

Occupancy

Non-owner occupied (investment)

Lien position

1st lien

As-is value

$3,230,769

LTV (as-is)

65.0%

Exit strategy

Refinance to conventional

Borrower experience

4-10 deals completed

Borrowing entity

LLC

Funding timeline

2-4 weeks

Additional collateral

Entitled land

Use of funds

Ground-up construction

Deal summary

Fully entitled infill site, GC contracted, presales on two units. Draw schedule available.