WLW Capital (“WLW”) provided a New Construction Loan to an experienced local builder. Borrower pledged the builder ready, lot, fully prepared for slab, located in Riverside Heights, as well as a tenant occupied rental property, as the collateral for the loan. This mortgage has predetermined thresholds, managed via inspections for each draw.
Loan Amount: $280,000
Loan To Value: 42 %
Term: 18 months
Type: New Construction Residential