Development Loan for SFR in Westfield, Indiana

Deal Details

Private Loan Type

Residential Ground-Up Construction

Approx. Funding Date


Property Type
Single Family Residence
Property City


Property State


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