$1.8M Hard Money Johnston, RI
PCC worked with a builder on a ground up construction project involving three empty lots for three single family residences.
Loan Details
Property Type: Single-Family Residential
Loan Type: Hard Money
Loan Amount: $1,800,000
LTV: 75%
Closing Timeline: 21 days
The Challenge
The client wanted to perform a ground-up construction project after obtaining 3 empty lots for 3 single-family residences. The challenge for this client getting him permanent financing within 12-18 months after we closed the Hard Money loan for him.
The Solution
With the borrower's experience and his long relationship with PCC, we were able to structure a loan that got his project moving now, while positioning him for the next phase down the road.
When Your Bank Says “No.”, PCC Says “Yes!”
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