Experienced real estate developer purchasing a piece of land for the construction of a 12 unit Multi-Family Complex.<\/p>\n\n\n\n
As a Foreign National, the developer has used personal cash to finance prior builds, due to the struggle of getting construction financing as a non-US citizen.<\/p>\n\n\n\n
We were able to secure a purchase loan for the piece of land that will roll into a vertical construction loan, once permitting is complete. At 50% LTV for the land purchase, and 65% LTC construction loan once the project is shovel ready, the borrower would happily be able to retain more of their personal funds.<\/p>\n\n\n\n
| Nationality<\/td> | Property Value<\/td> | Loan Amount<\/td> | LTV<\/td> | Rate<\/td><\/tr> | |||||
| China Citizen<\/td> | $1,500,000 Land purchase<\/td> | $750,000<\/td> | 50%<\/td> | 8.99%<\/td><\/tr> | |||||
| Term<\/td> | State<\/td> | Property Type<\/td> | Purpose<\/td> | Loan Type<\/td><\/tr> |
| 24-month total term with possible extensions<\/td> | Tacoma, Washington<\/td> | Multi-family construction<\/td> | Purchase<\/td> | Land\/Construction<\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":" Experienced real estate developer purchasing a piece of land for the construction of a 12 unit Multi-Family Complex. <\/p>\n","protected":false},"author":8,"featured_media":2877,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"templates\/template-single-post.php","format":"standard","meta":{"_acf_changed":false,"qubely_global_settings":"","qubely_interactions":"","inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[27,19,14,25,23,24],"tags":[],"am_country":[],"am_audience":[],"am_format":[],"class_list":["post-1321","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-case-studies","category-commercial","category-foreign-nationals","category-portfolio","category-purchase","category-residential"],"acf":[],"qubely_featured_image_url":{"full":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/02\/C4.jpg",1500,1000,false],"landscape":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/02\/C4.jpg",1125,750,false],"portraits":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/02\/C4.jpg",480,320,false],"thumbnail":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/02\/C4-150x150.jpg",150,150,true],"medium":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/02\/C4-300x200.jpg",300,200,true],"medium_large":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/02\/C4-768x512.jpg",580,387,true],"large":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/02\/C4-1024x683.jpg",580,387,true],"1536x1536":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/02\/C4.jpg",1500,1000,false],"2048x2048":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/02\/C4.jpg",1500,1000,false],"qubely_landscape":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/02\/C4.jpg",1125,750,false],"qubely_portrait":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/02\/C4.jpg",480,320,false],"qubely_thumbnail":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/02\/C4.jpg",140,93,false],"post-thumbnail":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/02\/C4-1200x800.jpg",1200,800,true],"twentytwenty-fullscreen":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/02\/C4.jpg",1500,1000,false]},"qubely_author":{"display_name":"Dipti K.","author_link":"https:\/\/www.americamortgages.com\/author\/dipti-k\/"},"qubely_comment":0,"qubely_category":"Case Studies<\/a> Commercial<\/a> Foreign Nationals<\/a> Portfolio<\/a> Purchase<\/a> Residential<\/a>","qubely_excerpt":"Experienced real estate developer purchasing a piece of land for the construction of a 12 unit Multi-Family Complex.","_links":{"self":[{"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/posts\/1321","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/comments?post=1321"}],"version-history":[{"count":28,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/posts\/1321\/revisions"}],"predecessor-version":[{"id":16299,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/posts\/1321\/revisions\/16299"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/media\/2877"}],"wp:attachment":[{"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/media?parent=1321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/categories?post=1321"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/tags?post=1321"},{"taxonomy":"am_country","embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/am_country?post=1321"},{"taxonomy":"am_audience","embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/am_audience?post=1321"},{"taxonomy":"am_format","embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/am_format?post=1321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}} |