Recently Funded Property Acquisition & Construction Capital for Multiple Triplexes
TWT recently funded a mortgage for the acquisition of a property and approved additional construction capital for multiple triplexes.
Key Highlights:
Acquisition Financing: 70% Loan-to-Value on an existing property scheduled for demolition.
Construction Capital: Based on “as if” value, with unlimited draws released on a work-in-place basis.
Interest Reserve: Included for the construction capital, so no payments are required during the build.
Flexible Terms: Competitive interest rates and fair setup costs tailored to the project.
For information on how TWT can support financing for your next home or construction project (land and/or build), email Scott at scott@thewestlaketeam.com.