Direct Money Market Closes $5,870,420 Construction Loan in Bend, Oregon

Direct Money Market Closes $5,870,420 Construction Loan in Bend, Oregon

Loan Amount: $5,870,420
LTC: 68%
Location: Bend, Oregon
Loan Type: Construction–Subdivision Development

Direct Money Market is proud to announce the closing of a $5,870,420 construction loan for a 43-unit townhouse development in Bend, Oregon. The $5.8m senior construction loan was structured as a revolver allowing the developer to save on upfront origination fees. The interest rate is 10% with only a three month pre-payment penalty.

Direct Money Market is a leader in construction finance and lot development deals with the ability to structure 100% LTC financing for deals that don’t exceed 70% of completed value. Contact loans@directmoneymarket.com for a free consultation today.

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