Rancho Cucamonga Ground-Up Construction Success Story
- $625,000 Construction Loan
- 55.00% LTV on After Repair Value
- 9.50% Lender Rate
- Business Purpose Construction Loan
- Funds controlled for construction budget, quick disbursement
The Subject:
- Address: Rancho Cucamonga, CA
- Type: Single Family Residence
- Layout: 4 BR/3.5 BA, Three-Story Contemporary SFR
- Condition: Brand new, custom-built, ultra-modern estate
The Scenario:
- Purchased lot in Dec. 2019 for $199,000
- Large 19,765 sq ft lot, underutilized, prime for development
- Proximity to HWY 66 and I-10, near essential amenities
- The vision to create a luxurious, smart-tech integrated home
The Solution:
- Provided a 55% LTV first trust deed construction loan
- Rapid funding to initiate approved, shovel-ready project
- Enabled construction of high-end 3,748 sq ft living space
- Facilitated seamless project execution with controlled funds
The Numbers:
- Appraised ARV Value: $1.138M
- Loan Amount: $625,000, reflecting over 100% of the construction budget
- Projected Sale Price: $3,188,000
- Innovative design with smart home features, maximizing ROI