Loan Details

(N/A) 5/27/16 Construction - Residential $140,000.00 USD 1 year 50% 844-742-9900 ext. 710

13 Diana Ridge Road, Highland, NY

Construction Loan

13 Diana Ridge Road

Highland, NY
Property Value Total First Lien Construction Mortgage
$279,000.00 (built on Contract) $140,000.00

Established builder in Ulster County, NY was seeking a more cooperative lending partner for the construction of approximately 3 new homes per year. BLG was able to find an investor who has a good working knowledge of construction. Because of that “connection,” we were able to put together a Construction Draw Schedule that made good sense for both the builder and the the investor.

We are already well into a subsequent loan for the same builder – with the same investor.