$9,625,000 Residential Ground Up Construction Loan (25 duplex Portfolio Loan)
No upfront fees
No tax returns
No income verification
Financed 75% of purchase price + 100% of construction budget to 75% ARV
25 Duplexes
8.25% Fixed
Interest only
No prepayment penalty
18 months with extensionsN
In House Loan Servicing and Draws
Exit strategy: refinance with ;permanent 30 year fixed loan
Funded in 4 weeks