Willow Glen, CA – Acquisition & Construction - Image 1Willow Glen, CA – Acquisition & Construction - Image 2Willow Glen, CA – Acquisition & Construction - Image 3

Acquisition & Construction

Willow Glen, CA

Property Type Single Family Home
Size 4,200 square feet
Security 1st Trust Deed
Loan $932,500
Value $1,830,000
LTV 51%
Term 12 months

The subject property is a 5 bedroom, 5 bathroom, new custom home built in the San Jose community of Willow Glen.

Hamilton Ridge provided the borrower with an Acquisition & Construction loan: an initial 6-month $520,000 loan to purchase the property. Once the borrower had permits and approvals to build the new custom home, Hamilton Ridge rolled the existing loan into a new $932,500 construction loan. The finished home sold for $1,830,000

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