Refinancing Construction Loans in Sand Hollow, Utah

A borrower had just completed two homes near Sand Hollow State Park in Southern Utah. The certificates of occupancy had just been issued and they were looking for a bridge loan that could retire the construction debt and provide time to obtain traditional financing.

We lent approximately 75% of the value of these homes and charged 10.5% interest rate. As the loan was only for 3 months we charged a 1% origination fee. This is an example of how Actium can provide a short-term bridge until permanent financing is obtained.