House Under Construction

New Construction – Norwalk, CA

House Under Construction
Loan Type:Cash Out
Investment Type:New Construction
Property Type:2-4 Units
Loan Amount:$1,30,8566
Loan Term:18 months
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.

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