New Construction – Norwalk, CA
| Loan Type: | Cash Out |
| Investment Type: | New Construction |
| Property Type: | 2-4 Units |
| Loan Amount: | $1,30,8566 |
| 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.
