Categories
Payday Loans Ken

Adam Hooper – Project cost, purchase price, finished cost, 65% loan to value based away from what, worth of what?

Adam Hooper – Project cost, purchase price, finished cost, 65% loan to value based away from what, worth of what?

Adam Fountain – It’s really based away from both endpoints. So, today’s value as well as finished value. After which our construction loans are put up for a draw foundation, in order for we periodically examine and release more funds once the task gets built. But undoubtedly, if a bit of dust is really worth 50 grand, and they’re creating a 15 million buck apartment building onto it, the first draw is perhaps not likely to be a million bucks.