Commercial Ground-up Construction Loan for Spec Industrial Buildings in Queen Creek, AZ

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.

Funded By

Security National Commercial Capital

Direct Lender for Commercial Real Estate