This month we're featuring successful new construction projects in our portfolio. In addition to fix and flip loans, LYNK Capital provides a variety of lending options for new home builders. Are you a builder looking to grow your business? Give us a call! In the meantime, here are some examples of new construction loans we've closed.
Single-Family New Construction Loan
The borrower (@WitteHaus) is using the construction loan to build a single-family residence in Charlotte's urban core. This award-winning builder is building an innovative, energy-efficient home with a construction budget of $250,000. LYNK Capital is providing total financing of $238,000. This is the borrower's first deal with LYNK and we look forward to more!
Multi-Unit New Construction Loan (6 Units)
The borrower (@Landmark-Homes) is using the construction loan to build six townhomes in an up and coming neighborhood. The construction budget is approximately $750,000 and LYNK Capital is providing total funding of $786,000.
Single-Family New Construction Loan (4 Homes)
The borrower (@CityViewTerraces) will is using the construction loan to build four single-family homes. The borrower purchased an existing lot and reconfigured the plan to permit higher density. The borrower's total construction budget is $920,000 and LYNK Capital is providing total funding of $1,500,000. This is the borrower's fourth project with LYNK and we're pleased to continue contributing to his success.
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