$750K 1st Trust Deed

LendSpark provided funding for a construction company's project through a $750,000 1st Trust Deed.

The borrower, a construction company based in California, approached LendSpark seeking funding for their upcoming project. The company had already secured a contract for a construction project and needed financing to cover the initial costs of the project.

After evaluating the borrower's financials, credit history, and the details of the project, LendSpark determined that the borrower was a good fit for their construction financing program. LendSpark offered the borrower a $750,000 1st Trust Deed, which would allow the borrower to access the funds needed for the project.

The borrower accepted the offer, and LendSpark proceeded with the underwriting and due diligence process. This involved verifying the borrower's financial information, assessing the value of the property, and analyzing the potential risks associated with the project.

After completing the underwriting process, LendSpark approved the loan and provided the borrower with the necessary funding. The borrower used the funds to cover the initial costs of the project, including purchasing materials, hiring labor, and covering other expenses.

Throughout the duration of the project, LendSpark maintained regular contact with the borrower to ensure that everything was progressing as planned. LendSpark also monitored the project to identify any potential issues that could impact the borrower's ability to repay the loan.

The project was completed on time and within budget, and the borrower was able to repay the loan in full as agreed. LendSpark was pleased with the outcome of the project and the borrower's successful repayment of the loan.

Overall, this transaction highlights LendSpark's commitment to supporting construction companies with their financing needs. By providing tailored financing solutions and maintaining close relationships with borrowers, LendSpark is able to help businesses grow and succeed.