The developer purchased a dated bungalow on a lot with 208 ft. of frontage. After obtaining the necessary approvals, he built a 6,619 sq. ft. two storey custom home that was sold upon completion.
Loan Type:
Residential Construction Value over $2M
Loan Amount:
$2,000,000
Loan Description:
Foremost provided funds for land acquisition, hard construction costs and an interest reserve.