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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Our borrower, Mike, did a great job building these two homes. Choosing to include a chef’s kitchen, shaker style close cabinets and a farm sink, the home cook will not be lacking in space to get creative. The master suite offers a spa like bathroom, and a
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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
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