Family trust has owned this waterfront Lake Tahoe property for decades. They decided to partner with a builder and construct a high level spec home. Market conditions naturally dictated a slower sales process; hence the construction loan came due. With a prime waterfront asset, good credit borrowers, approximate 45-50% loan to value and a clear exit strategy, this loan was closed inside of 10 days.
Lake Tahoe Waterfront
Zephyr Cove, NV