19 Nov Direct Money Market Closes $5,870,420 Construction Loan in Bend, Oregon
Loan Amount: $5,870,420
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 email@example.com for a free consultation today.