Chicago North Side - Spec Single Family Construction Financing

Client : An experienced single family and condo developer focused on north side of Chicago.

Transaction : Ground-up Construction loan for single family home on the far north side of of Chicago.

Challenge : Client wanted to obtain construction financing and start building prior to having located an end buyer with purchase contract.

Opportunity : Sherpa Capital Group LLC was able to provide financing within a very short turnaround to buy the asset as well as giving them construction draws to complete the project.

Action : Sherpa Capital Group LLC provided a first mortgage structured as a construction loan with multiple draws to best accommodate builder to complete in the most timely manner.