LOAN PURPOSE | New construction projects |
INTEREST RATE[1] | Rates as low as 9.95% |
LOAN AMOUNT | $300K to $20MM |
LOAN TERM | 12 months |
BORROWER TYPE | Individual or group |
EXPERIENCE | Based on prior 36 months |
MAX LOAN-TO-VALUE (LTV)[7] | 65 to 70% |
MAX LOAN-TO-COST (LTC)[8] | 80 to 85% |
LTV VS. LTC | We use the best calculation for your project |
CONSTRUCTION FINANCING | Up to 100% |
PROPERTY TYPE |
|
City, State | Glendale, California |
Population | 199,303 |
Map Coordinates | 34.18°N 118.24°W |
Median Home Price | $821,800 |
Housing Units Owner Occupied | 24,018 |
Housing Units Renter Occupied | 50,179 |
Hard Money Loan Volume | $137,399,488.20 |
Rental Property Loan Volume | $169,001,370.49 |
Bridge Loan Volume | $48,089,820.87 |
Fix & Flip Loan Volume | $104,423,611.03 |