Large regional builder needs a $300,000 loan secured by multiple building lots in succesful subdivison near military base in North Carolina. Builder will bring $300,000 cash towards the acquistion and our investor will fund $300,000 secured by a 1st position deed of trust at 12% interest for 12 months. Borrower has superb credit, good cash reserves, and is a nationally recognized builder. A personal guaranty will be provided.
The loan will be closed through an attorney with an Alta extended title policy insuring a first lien position. Loan will be serviced by local contract collection company or directly by investor, if desired. The builder maintains a credit line with a local bank for speculative construction. These available funds will provide a per lot lien release as he begins building on the subject properties.
This opportunity is being offered by a licensed Mortgage broker. For more information, please contact: Michael Healy, Healy Capital, (360) 709-9400 or email@example.com. Other smaller funding opportunites are available as well. Thank you.