Ground-Up Construction Loan for Vacant Land in Port St. Lucie, FL

Funded by LendingOne

$315,249

Deal Details

Private Loan Type

Residential Ground-Up Construction

Approx. Funding Date

09/03/2024

Property Type
Residential Land
Single Family Residence
Property City

Port St. Lucie

Property State

FL

Loan Term (months)

12

Payment Type

Interest Only

Property Value

$140,000

Construction Budget

$276,318

Construction Budget Funded

100%

Completed Value

$485,000

Construction Project Scope

Vertical

Property Condition

Vacant Land

Occupancy at Closing

Vacant

Lot Square Footage

10,000

Borrower's Plan

Build and Sell

Exit Strategy

Sale

Deal Highlights

New construction in Florida
Client's second new build project
Lot owned cash, plans and permits in hand, borrower received cash at close

Funded By

LendingOne

Rental, Fix & Flip, New Construction, Fix to Rent, SFR Portfolio Loans Nationwide