WLW Capital (“WLW”) provided a New Construction Loan to an experienced builder. Borrower pledged the builder ready, lot, located in West Tampa as the collateral for the loan. Borrower was extended $25,000 for the first draw to initiate the slab, frame and roof installation. This mortgage has predetermined thresholds, managed via inspections for each draw.
Loan Amount: $190,000
Loan To Value: 31%
Term: 1 year
Type: New Construction Residential