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.