Direct Money Closes $6.1mm Construction Loan in Denair, CA

Direct Money Closes $6.1mm Construction Loan in Denair, CA

Loan Amount: $6,100,000
LTC: 72%
Location: Denair, CA
Loan Type: Construction–Subdivision Development

Direct Money Market is proud to announce the closing of a $6.1mm revolver to complete horizontal work on 45 lots and build out 11 homes in Denair, CA. Denair is a suburb of the Modesto area and this project will help alleviate the pent-up demand for housing. The $6.1mm revolver reflects a 72% loan-to-cost at 11% interest. Direct Money Market would like to thank all of our lending partners for making this deal happen.

Direct Money Market is a leader in arranging financing for subdivision construction loans nationwide. Send your loan scenario to loans@directmoneymarket.com for a free consultation.

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