)
Deal Details
Private Loan Type
Residential Ground-Up Construction
Approx. Funding Date
05/31/2019
Property Type
Single Family Residence
Property City
Westfield
Property State
IN
Lien Type
1st Mortgage
Payment Type
Interest Only
Deal Summary
Ontario Wealth Management Corporation, a Toronto-based commercial real estate loan origination and servicing company, funded a $605,000 1st lien position ground-up construction loan for a single-family residence in Westfield, IN. Owemanco funded the ground-up development of a 2-story, 3,800-square-foot single-family home located in Chatham Hills, a new luxury gated master-plan community located 35 minutes north of Indianapolis. The Borrower intends to sell the home upon completion. This SFR ground-up construction loan was funded in May 2019.
Funded By
Ontario Wealth Management Corporation
Direct Lender for Commercial Real Estate Bridge Loans