LEHIGH COUNTY, PA SUBDIVISION

Details

Loan type: Residential Subdivision and revolving construction loan
Loan: $1,120,000
RPC leveraged our network of baking relationships to identify a lender who was willing to entertain a land development loan in a growing section of Lehigh County. The loan included proceeds for site improvements of a 5.41-acre parcel into 15 lots and a revolving construction loan to construct the homes. It was underwritten at 70% loan-to-value based on the discounted present value of the sellout value of the homes.

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