As you know, Navigator Privatre Capital is a direct private lender offering business-purpose loans to investors with various exit strategies. We provide Fix and Flip (1-4), DSCR/Rental (1-4, 5-8 Units), Multi-Family (5+), New Construction, and Bridge funding. With no income requirements, we have more flexibility in crafting deals than the traditional lender.
We have recently identified a gap in the market for multi-unit new construction financing. Often, clients looking to build small subdivisions struggle to find a viable loan placement.
That’s where NavCap comes in.
For investors with new construction experience and significant liquidity and with properties at the right price point, we have financing options available.
As an example, we recently funded a ground-up 36-unit condominium project at 123 Merritt Street in Fort Worth, TX. With a $6M construction budget, our client is putting up two buildings—one with 18 one-bedroom units and the other with 18 two-bedroom units. The expected sales price for the units falls between $225K to $400K. We should note that we are not able to fund luxury residences.
Want to learn more? Reach out to your loan officer directly or call 888.444.3160 to be put in touch. Or click the link below to request a free quote.
https://thinknavigator.com/NavCap/GetAQuote.php