fundings
fundings
Funded Amount: $1,186,250
Type: Single Family Home
Lender: Private Lender
Location: Maple Ridge, BC
Loan-to-Value (LTV): 65% Land + 80% Costs
Value: $1,615,000
construction equity takeout
The client had all available cash tied into the project and required additional capital to complete construction. Traditional banks would not refinance the project because it was already approximately 80% complete and were unwilling to provide a significant equity take-out.
The Problem
To help the client get ahead, we structured a private construction financing solution with an equity take-out component. The facility was structured with an initial land draw, staged construction draws as progress was completed, and a final draw upon completion. This allowed the borrower to regain working capital while continuing construction without delays.
The Solution
- Unlocked equity tied up in the project
- Finished construction without delays
- Created additional capital on hand
- Allowed the borrower to list the property for sale
- Positioned the client to move forward with the next project
Outcome & Key Takeaways
Funded Amount: $1,186,250
Type: Single Family Home
Lender: Private Lender
Location: Maple Ridge, BC
Loan-to-Value (LTV): 65% Land + 80% Costs
Value: $1,615,000
construction equity takeout
The client had all available cash tied into the project and required additional capital to complete construction. Traditional banks would not refinance the project because it was already approximately 80% complete and were unwilling to provide a significant equity take-out.
The Problem
To help the client get ahead, we structured a private construction financing solution with an equity take-out component. The facility was structured with an initial land draw, staged construction draws as progress was completed, and a final draw upon completion. This allowed the borrower to regain working capital while continuing construction without delays.
The Solution
- Unlocked equity tied up in the project
- Finished construction without delays
- Created additional capital on hand
- Allowed the borrower to list the property for sale
- Positioned the client to move forward with the next project
Outcome & Key Takeaways
