Short-term Loan: SFH Development Land

This short-term fixed-rate loan was originated to fund the Borrower's purchase of seven paper lots for single family residential development. This loan was funded quickly with interest accruing and fees rolled into the bullet structure to enable the Borrower to close on the land purchase and secure necessary approvals for development.

• Loan Amount: $300k
• LTV: 71%
• Term: 6 months
• Location: Eagle Mountain, UT

Short-Term Loan: Townhomes Development Site

This short-term fixed-rate bullet loan enabled the Borrower to consolidate outstanding financing arrangements for the purchase of an infill site on which they plan to develop several townhomes. Aspera Capital Solutions worked with the Borrower to ensure a quick and flexible funding on the loan and was able to originate the loan within 10 days from initial outreach.

• Loan Amount: $280k
• LTV: 70%
• Term: 6 months
• Location: South Salt Lake