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constructionsingle-family
$19,500,000
Construction Loan – 61-Unit Subdivision
Salem, OR
High-LTC construction loan for Timberline Hills, a 61-unit for-sale single-family subdivision. Proceeds refinanced existing mortgage and funded construction plus interest reserve.
Deal Terms
Loan Amount$19,500,000
Term15 Mo + 3 Mo Extension
Rate7.75% Fixed
LTC85%
LTV72% at Completion
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