• Loan Amount * $1,560,000
  • Rate * 10.89% 
  • ReProp’s Value * $2,590,000
  • Term * 18 Months, Interest Only
  • Lien Position * First

Our borrower has been working on the subdivision for years and has obtained a final map approval from the city. Our loan was used for the purchase and construction of the horizonal infrastructure of 8 residential lots. He will begin construction and sale of quality homes upon completion of the lots.

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