Central Coast Construction Financing

[Stephen Hale]

Investment Info:

Mobile home private money loan investment.

Cash invested: $755,000

Private Money Loan originated and provided for borrower. The property had 2 existing income producing manufactured homes on permanent foundations and the borrower was looking for a construction loan to place 2 more manufactured homes on the property. Karpe provided the construction financing, draw management, and servicing to the borrower/investors.

What made you interested in investing in this type of deal?

Existing income and contruction

How did you find this deal and how did you negotiate it?

Borrower was originated through our Central Coast Loan Officer

How did you finance this deal?

Construction Loan financing through Private Investors

How did you add value to the deal?

Draw Management and providing the investor

What was the outcome?

Successful funding and loan close