Construction Refi – Scottsdale AZ

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This custom built Santa Barbara style home in Scottsdale is on just under an acre sized lot, and is projected to be completed in mid-2016.  The builder was looking to get a construction refinance on the project in its current condition, with $350,000 in rehab for the project.  Capital Fund 1 was able to provide a construction loan of $992,950 in total for the refinancing and rehab to complete this project.  Upon completion the home is expected to be worth between $2-$2.5 Million based on its fantastic location and comparable homes in the neighborhood.  Call Capital Fund for any of your private lending needs.