$3.6 Million Mid-Construction Loan

Our client was in mid-construction on a “white elephant” large single family residence and was under extreme pressure from “the City” to complete the project which remained stalled for nearly 18 months as he sought funding. National Equity Funding reviewed the property’s completed value and restructured the debt and had the junior lien agree to subordinate. Our lender increased his loan amount to $3,600,000 enabling the project to be completed.