Many of the Capital Fund team member have past experience building homes themselves, which is why we love doing construction loans. This lot acquisition was purchased at a great price on the end of a quiet cul-de-sac. The vertical construction will take close to 12 months from start to finish and Capital Fund will be lending 70% of the total acquisition and construction costs.
The terms given on this specific loan are as follows:
Loan Amount: $191,380
Term: 12-months
Interest Rate: 12.9%
Loan Type: Construction
Building Type: SFR