A contractor went bankrupt halfway through construction on this spec home in Prescott which created an opportunity for another real estate investor. Beautiful views in a luxurious neighborhood made it a no brainer for an investor that could accumulate funds and finish this build. Capital Fund was able to finance the construction costs needed to finish the project on a two year loan in just 24 hours. Great location, beautiful views, wonderful northern weather, this home will sell quickly when it is completed.
The terms given on this specific loan are as follows:
Loan Amount: $770,000
Interest Rate: 12.9%
Loan Type: Re-Fi
Building Type: SFR