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Deal Details
Private Loan Type
Residential Ground-Up Construction
Approx. Funding Date
03/27/2019
Property Type
Single Family Residence
Property City
Manalapan
Property State
FL
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 $12,500,000 1st lien position ground-up construction loan for a single-family residence in Manalapan, FL. Owemanco provided ground-up construction financing for an ultra-luxury 25,000-square-foot beachfront home in Manalapan, FL. This SFR ground-up construction loan was funded in March 2019.
Funded By
Ontario Wealth Management Corporation
Direct Lender for Commercial Real Estate Bridge Loans