01
The transaction
A Surfside builder was ready to start an 8,500 square foot spec residence. The construction loan had to close before work began.
Featured case study
$8M construction loan: Surfside spec residence
Ground-up financing for an 8,500-square-foot spec residence — closed in 20 days.
- Loan amount
- $8,000,000
- Loan type
- Ground-up construction
- Position
- First lien
- Days to close
- 20
- Project
- 8,500 sq ft spec residence
02
The challenge
The sponsor needed a lender able to evaluate both the current collateral and the completion plan while keeping the construction schedule intact.
03
Matchpoint’s analysis
We reviewed the site, sponsor experience, project scope, remaining budget, draws, and our protection as the first lien lender.
04
The structure
$8 million of first-position construction financing with draws structured to follow verified project progress.
05
Execution
We closed an $8 million first position construction loan in 20 days. The draw schedule followed verified construction progress, and the sponsor started on time.
The result
The loan closed in 20 days and the sponsor broke ground on schedule.
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