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to build 8 detached sfr tiny homes 7/5/2019 9:56:33 AM  Broker Location: CA/92121 Construction/GA/32001
PostID: 50362     Status: Open  
Property Type Single Family Detached 
Units 1 Single 
Occupancy Non-Owner Occupied 
Purpose Purchase 
FICO 700 
DTI  
Doc Type Full 
Product Type  
Lien Position First 
Appraised Value:  
Loan Amt 1st: $550,000 
Loan Amt 2nd:  
LTV: 70% 
CLTV:  
General Notes: Total Project Cost: $800,000 Loan Amount: $550,000 Loan Purpose: To complete first micro packet neighborhood in Atlanta GA. Project Name: "The Cottages on Vaughn" in Clarkston, GA, which is a community of 8 tiny houses on 3/4 of an acre (land is paid for). Type of Homes: Detached SFR Each home will meet the tiny home guideline of 7 homes 492 and 1 at 250 sqf There will be an average perimeter of around seven feet around each property. Cost per Door: Between $70,000 to $80,000 Estimated Market Value/BPO: $115,000 to $120,000 Land: 0.862 acres Land Acquisition: free & clear ortgage: none. Land is owned free and Development Cost: $45,000 Total Cost per Unit: $75,000 Experience: One the partners has extensive experience in development. She has worked on high rises in NY. This is their second project for tiny homes, but the first one is in holding pattern Project Stage: Permitting
 Replies: 1 
Name: Scott Vincenti Phone: 833-923-2794 7/8/2019 2:01:44 PM
Company: Civic Financial Services Email: scott.vincenti@civicfs.com Display Advertiser: page 110
CIVIC doesn't offer ground-up financing, but we do have high leverage, cash out refinance programs that can pull equity out of other assets for this project. Also, once the project is at a certain completion point, we can step in to help finish the construction. Let's go over long-term strategy here more in depth to see how we can tailor our product appropriately 833-923-2794
 
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