Construction Loan Needed for Development of Land

We are currently seeking a Construction / Development loan for 4 contiguous parcels of land. Our plan is to build 4 Single Family Residences, one on each parcel of land, and sell for a profit once constructed.

The land is in Southern California, Near Los Angeles

We are a well established builder and General Contractor in Southern California with an amazing portfolfio and references. We have the in-house team to design, create plans, pull the permits and ultimately build the properties and sell them for a profit.

There is an early exit potential to sell the entitled lots once they have the permits in place, which will also generate a significant profit.


Acquisition Price: $2,400,000
Cost till next phase: $300,000
Total Project Cost: $2,700,000

LTV of Project Cost: 75% (desired - open to other possibilities)
Loan Amount Sought: $2,025,000

Credit: 700+

GC is borrower. Strong Candidate. Ready to move forward.