New Construction Loan - Norwalk, CA | Alta Capital Group | Direct Hard Money Loans for Real Estate Investors

New Construction Loan – Norwalk, CA

Loan Type: Cash Out
Investment Type: New Construction
Property Type: 2-4 Units
Loan Amount: $1,308,566
Loan Term: 18 months
LTC: 75%
Interest Rate: 8.50%

Alta provided financing for the borrower to tear down the existing structure and build 4 unit townhome development in Norwalk, CA. Alta was able to refinance this project with a new construction loan at 75% LTC for 18 months, providing the borrower with the liquidity they needed to go vertical.

House Under Construction
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