A modern coastal custom home build in East Boca Raton on a tear-down lot.
LOAN AMOUNT
$2,100,000
Custom finishes required an adaptive draw schedule that aligned with specialized Italian millwork suppliers.
Structured a $2,100,000 construction facility with tailored material deposit disbursements.
The Outcome
Appraised upon completion at $3,650,000. Builder netted over $750,000 on the project.
Deal Highlights
LOAN AMOUNT
$2,100,000
TOTAL PROJECT COST
$2,800,000
LEVERAGE
75% LTC
PROJECTED ARV
$3,500,000
TERM
18 Months
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