Deal Details
Private Loan Type
Residential Ground-Up Construction
Approx. Funding Date
05/21/2021
Property Type
2-4 Units Residential
Property City
Oceanside
Property State
CA
Loan Term (months)
24
Lien Type
1st Mortgage
Payment Type
Interest Only
Deal Summary
Our Borrower needed a construction loan to build five luxury townhomes in Oceanside, CA. Trinity Mortgage Fund, a direct real estate lender, provided a total loan commitment of $3,900,000 with a 24-month term. This residential ground-up construction loan was funded in May 2021.