$13,120,000 A 63% of pre-construction cost loan at P+1% allowing for half the project to be built on spec. With some unit sales, the full project financing is available at 85% of cost with land at appraised value.
$13,120,000 A 63% of pre-construction cost loan at P+1% allowing for half the project to be built on spec. With some unit sales, the full project financing is available at 85% of cost with land at appraised value.