Anatomy of An Actium Loan: Heber, Utah Subdivision Lots


A home builder approached us to refinance a loan secured by three building lots in a subdivision near Heber, Utah. This builder was in the process of building other homes in the area and held these lots as inventory to sell to future homeowners.

Due Diligence

The borrower requested a loan of $300,000. The home builder purchased the lots approximately a year earlier for $500,000. By looking at other comparable sales, we confirmed that this price was within the market range, giving a loan-to-value ratio of 60%.


Actium made loan for a duration of six months with an interest rate of 12% and an origination fee of 3%.