Park City, UT
Luxury Single Family Home
Purchase & Reposition Financing

LFB was approached by a client looking for acquisition and construction financing to reposition an existing single family home in Park City, UT. The project consisted of a 3,258 square foot home with 2-stories, 5 bedrooms and 4 bathrooms plus a 2-car garage. Our borrower stepped in to a project with approved plans and permits ready to be issued. With some renovations already completed, the remaining work to be done was primarily cosmetic and offered a quick turn to get back to market to capture the increasingly hot single family home demand.

The purchase price was $1,600,000, with a $250,000 construction budget for remodeling. The anticipated exit value upon completion is estimated at $2,795,000.

More Transactions

Park Circle
Single Family
Refinance and Vertical Construction Financing
Valley Center
Howe St. Townhomes
Construction-Completion Financing
Seattle, WA
Idaho 27 BTR
Single-family BTR
Construction Financing
Kuna, ID

stay in touch

Today's Rates

This will close in 0 seconds