$1.05M Hard Money Newport, RI
PCC worked with a builder on a waterfront single-family residential property.
Loan Details
Property Type: Single-Family Residential
Loan Type: Hard Money
Loan Amount: $1,050,000
LTV: 95%
Closing Term: 18-Month Term
The Challenge
The borrower's challenge was to provide them with 95% financing as her bank would only give them 75% of the value as conventional financing was not available for her construction project.
The Solution
With the borrower's experience and their long relationship with PCC, we were able to give them exactly what she needed to get her project completed.
When Your Bank Says “No.”, PCC Says “Yes!”
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