A 2.5-acre modern equestrian estate featuring main residence, guest house, and 6-stall barn.
LOAN AMOUNT
$3,200,000
Unique property zoning and equestrian amenities made traditional bank construction lenders nervous.
Delivered a $3,200,000 custom debt structure with equity credit for the developer's raw land value.
The Outcome
Project finished on schedule. Appraised at $6,100,000 upon final inspection.
Deal Highlights
LOAN AMOUNT
$3,200,000
LAND VALUE EQUITY
$1,100,000
CONSTRUCTION BUDGET
$2,500,000
LEVERAGE
70% LTC
PROJECTED ARV
$5,800,000
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