19 Nov Direct Money Closes $6.1mm Construction Loan in Denair, CA
Loan Amount: $6,100,000
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 email@example.com for a free consultation.