$2.0M Construction Loan for a 5 Home (SFR) Development
Construction Loan 5 Home Development (SFR) in established community
Regional Bank Lender
New Lender Relationship
Rate in Low 4%’s
Bermuda Dune, CA
$2,000,000 Construction Financing for a 5 Home SFR Development in Palm Springs, CA. The construction loan will finance the vertical construction for this permit-ready project. Mandri Capital was able to source multiple proposals for this established local homebuilder from bank lenders that could serve as a “go to” relationship for sponsor to expand their operation.
Mandri was successful in upsizing the loan amount during underwriting based on the appraised as-completed value. Sponsor was referred to Mandri by an existing Mandri client.