CONSTRUCTION

We made our first construction loan over 30 years ago. At that time we carved a fairly unique niche as private money lenders managing construction funds.

 

Since that time we have arranged construction financing on everything from condominiums to churches. We also finance infrastructure improvements for subdivisions or onsite and offsite improvement of raw land. Miramar has the experience to underwrite and structure a transaction that will get you to “breaking ground”.

Important to note is that we routinely arrange construction loans on unfinished or broken projects. Known as “finish out” loans, we lend borrowers the funds required to finish a stalled or underfunded project. This is somewhat unique to the real estate lending industry as very few lenders will consider these transactions given the perceived risk potential.

property-09_327c5bcddc17285c0039cae107f1

Desert Hot Springs, CA

  • Appraised Value: $650,000.00

  • Loan Amount: $400,000.00

  • Interest: 13%

  • LTV (Loan to Value): 61.54%

  • Term: 24 Months

property-8-vegas_dd6674753eb6bb248424113

Las Vegas, NV

  • Appraised Value: $18,000,000.00

  • Loan Amount: $7,500,000.00

  • Interest: 11%

  • LTV (Loan to Value): 41.67%

  • Term: 24 Months

property-11-la-costa-canyon_d23331508415

Las Vegas, NV

  • Appraised Value: $ 560,000.00

  • Loan Amount: $300,000.00

  • Interest: 10%

  • LTV (Loan to Value): 53.57%

  • Term: 36 Months

512 Via De La Valle, Suite 200 - info@mfg.loans - (858) 755-0144
Copyright © 2019 Miramar Financial Group, Inc. All Rights Reserved
Real Estate Broker - CA Bureau of Real Estate - License #01396493