Loan Amount: $230,000 Interest Rate: 11.9% Loan Term: 12 Months Property Type: Single Family Residential Loan Type: Construction Loan This borrower has done multiple loans with us, and in this subdivision he has successfully built and sold many homes using the same floorplan he has chosen for
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Loan Amount: $1,925,000 Interest Rate: 12% Loan Term: 12 Months Property Type: Land Loan Type: Land bridge loan The Sencorp Development team came to Capital Fund I when they were in need of some quick financing to give them more time to finalize their construction financing for
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Our borrower, Sean, did a fantastic job on this fix & flip in Scottsdale. Giving a fresh new exterior paint job, and rehabbing the interior of the home to have new tile, and an updated kitchen with new cabinets and granite countertops installed. Other updates include new
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Congratulations to our borrower for completing and selling two new homes in the Biltmore area. Seeing an opportunity to tear down an old house and build up a new home takes some creative insight, and a great team. Mike has worked with Capital Fund I, LLC on
Read more →Originally Published in the Arizona Daily Sun | November 3, 2016 A revival of both new and long-delayed “zombie” housing projects in Coconino County has spurred officials to get to work updating the county’s outdated subdivision code. While many changes are smaller housekeeping items, one new idea on
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Prescott’s real estate market has grown a lot these past few years. With the population growth averaging around 2-3% each year (Max Efrein, The Daily Courier), there is no question that there is a need for more housing in their market. Recently there has been more development
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It’s always exciting to see ourselves in the news! The Bloomberg Business Journal covers the topic of one of our larger loans for the acquisition and development of Hillcrest at Forest Trails. For the full story in the Bloomberg, check it out in this PDF here. If
Read more →Verrado, Eastmark and Vistancia, three well known master planned communities in Arizona, have been ranked in the top 50 best-selling master planned communities. As amenity packages become more creative, the competition to make the list becomes tougher. Ways that many master planned communities bring quality in the
Read more →Originally Posted in AZRE Magazine September 30th August not seasonally adjusted (NSA) construction unemployment rates improved in 48 states and the nation on a year-over-year basis, according to analysis released today by Associated Builders and Contractors (ABC). , producing the lowest August construction unemployment rate on record. BLS data also
Read more →Phoenix offers one of the least risky home building markets in our Nation, marking it’s place in the top 5 least risky cities. With room to expand and grow we are ready to see continued growth and longevity in home building. Though the next six months are
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