Just Funded!
New Construction loan for the development of 2 luxury SFR's at 10.99%
First, let's talk about the loan itself. The Swift Rd @ Wilkinson Rd project is a new construction development in Ridge Wood Heights, FL. The loan amount was $1,820,000, and it was closed in just 15 days from the time it was submitted. This is an impressive turnaround time, and it speaks to FlipX's efficiency and commitment to providing fast, reliable funding to its clients.
So, what are the benefits of using FlipX's new construction loan for developers? There are several key advantages that make this type of loan an attractive option for those looking to finance new construction projects.
First and foremost, FlipX's new construction loan offers competitive rates and terms. This means that developers can access the funding they need to get their projects off the ground without having to worry about high interest rates or unfavorable repayment terms. This can be especially important for smaller developers who may not have access to traditional financing options.
Another benefit of using FlipX's new construction loan is the flexibility it provides. Developers can use the funds for a variety of purposes, including land acquisition, construction costs, and other project-related expenses. This means that they can tailor the loan to their specific needs and ensure that they have the resources they need to complete their project on time and on budget.
In addition, FlipX's new construction loan offers a streamlined application process. This means that developers can apply for funding quickly and easily, without having to navigate a complex and time-consuming application process. This can be a game-changer for developers who need funding fast and don't have the luxury of waiting weeks or months for approval.
Finally, FlipX's new construction loan is backed by a team of experienced professionals who are dedicated to helping developers succeed. From underwriters to loan officers, the FlipX team is committed to providing personalized service and support to ensure that each client gets the funding they need to succeed.
In conclusion, FlipX's new construction loan is a great option for developers looking to finance new construction projects. With competitive rates and terms, flexible funding options, a streamlined application process, and a team of dedicated professionals, FlipX is well-positioned to help developers succeed in today's competitive real estate market. Congratulations again to Bobby Ash II.