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New Construction Residential - WLW Capital

New Construction Residential

Tampa, Fl

WLW extended a new construction loan to an experienced builder in Tampa Bay. WLW Capital structured the construction loan in a 7 draw schedule, extending $45,000 on the first draw (43% LTV), requiring completed site preparation, Slab/Foundation, rough plumbing and truss order to be completed per city inspections. The builder plans to complete the project in less than 6 months.

Loan Amount: $225,000
Loan To Value: 56%
Term: 18 Months
Type: New Construction