Ground-Up Construction Loan for Office in Woodland, California

Funded by Red Tower Capital, Inc.

$2,350,000

Deal Details

Private Loan Type

Commercial Ground-Up Construction

Approx. Funding Date

10/20/2017

Property Type
Office
Property City

Woodland

Property State

CA

Lien Type

1st Mortgage

Payment Type

Interest Only

Deal Summary

Red Tower Capital, Inc., an independent private real estate lending and investment firm, funded a $2,350,000 1st lien position ground-up construction loan in Office in Woodland, CA. The Borrowers ran out of money with their current lender and investors and came to us halfway through construction. We funded the loan through construction completion. The property was a large office building for the relatively small town. This ground-up construction loan was funded in October 2017. 

Funded By

Red Tower Capital, Inc.

Based in SF, lending throughout CA and beyond. Good service, quick close.