New Construction – Norwalk, CA
|Loan Type:||Cash Out|
|Investment Type:||New Construction|
|Property Type:||2-4 Units|
|Loan Term:||18 months|
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.