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Closed Loan Details

Construction Loan for Real Estate Developer

Construction Loan for Real Estate Developer


Commonwealth Capital is pleased to announce that it recently closed a $350,000 Construction Loan.

  • Financial advisor and real estate developer
  • Funds being used to complete construction of single family home in Catskill, NY for resale
  • Secured by property being developed
  • 1 Year - Interest Only
  • 37% LTV

The borrower needed financing for ground up construction of a single family home on free and clear raw land for which he already received a purchase offer. The builder already owned the land without existing financing and required funds to build the single family residence.  

Location: Greene County, NY
Loan Size: $350,000

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See what our customers are saying about their experience in working with us

“Commonwealth Capital’s team of professionals consistently utilizes and demonstrates logic, care, and compassion. They are willing to talk about virtually every adverse credit issue in order to grasp a true understanding of the cause(s) and participate in the solution(s) throughout the entire lending process.”

L.C. | Broker

“Commonwealth Capital stepped in for us when other lenders said “no”. Their response to our request was timely and flexible. We are very glad to have found them and happy to recommend them to others.”

R.R. | Legal Services

"After evaluating my financial situation back in 2011 Commonwealth Capital provided the needed funding and cash flow to help my business operate. They listened to my concerns over the past 3 years and tailor made a plan to assist my company during this time of economic uncertainty, when other banks and lending institutions did not wish to get involved.”

J.B. | Healthcare Services

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Commonwealth Capital holds memberships in several of the top loan industry associations.

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