Deal Details
Private Loan Type
Commercial Ground-Up Construction
Approx. Funding Date
02/12/2022
Property Type
Industrial
Property City
Queen Creek
Property State
AZ
Loan Term (months)
18
Lien Type
1st Mortgage
Payment Type
Interest Only
Loan-to-Completed Value
70%
Deal Summary
Security National Commercial Capital, a private money lender for alternative loans, funded a commercial ground-up construction loan for spec industrial buildings in Queen Creek, Arizona. LTC was 70% with a term of 18 months + 6-month extension. This commercial ground-up construction loan was funded in February 2022.