Looking for a blanket loan

[Justin Sadauskas]

Hello Lenders!  We are in the process of finishing 5 new constructions in the same area.  We have rough mechanicals in on two of the projects and all the others are close.  We are looking to pull out some money on a blanket loan.  

The areas are Roseville and St. Clair Shores Michigan. We are not that interested in pushing the LTV threshold as much as keeping the costs reasonable. We are looking for around $250,000 to pull out. The listing price of the projects will be around 1M. Current value of the projects maybe $400-500k if no more was done.

If anyone does those type of loans or has some helpful advice, please feel free to reach out.