Ground-Up Construction Loan for Single Family Residence in Twin Falls, Idaho

Funded by Park Place Finance


Deal Details

Private Loan Type

Residential Ground-Up Construction

Approx. Funding Date


Property Type
Single Family Residence
Property City

Twin Falls

Property State


Loan Term (months)


Payment Type

Interest Only

Property Value


Previous Loan Balance


After-Repair Value


Loan-to-After-Repair Value


Construction Budget


Construction Budget Funded


Loan-to-Completed Value


Property Condition

Brand New Build

Exit Strategy


Interest Rate


Deal Highlights

New Construction - Single Family Residence
Experienced builder in Idaho
ARV 64.75% - $800,000

Deal Summary

Park Place Finance, a direct private real estate lender, funded a ground-up construction loan of $518,000 in Twin Falls, Idaho. We funded 84% loan-to-cost and 92% of the $475,000 construction budget. The after-repair value is estimated at $800,000, so our loan-to-after-repair value was 64.75%. We paid off a previous loan balance of $124,036. The Borrower is an experienced home builder in the Idaho market, and was seeking additional funds to expand their inventory. Although Twin Falls is not in a major metropolitan area, the builder had a strong track record of successfully completed projects in the area. The property will be sold upon completion. The interest rate was 11.99%. The loan terms were our standard 12-month term loan with interest-only payments and no prepayment penalty. This SFR ground-up construction loan was funded in February 2024.

Funded By

Park Place Finance

Nationwide Direct Private Lender for Residential Real Estate Investors