Original Acquisition Price: $1,650,000

Refinanced Total Loan Amount (Mid-Construction): $4,911,273

Construction Credit Line Financing: $611,273

Sold Price: $7,900,000

Nestled in the heart of Arizona’s breathtaking desert landscape, this luxury modern contemporary estate is a newly constructed masterpiece, seamlessly blending sleek architectural design with expansive indoor-outdoor living spaces.

The developer, renowned for building exceptional homes in Paradise Valley, Arizona, encountered unforeseen challenges as the construction budget increased and the scope of the project expanded. Turning to CV3, our team stepped in to help with a tailored Construction Completion financing solution. This included a refinance on the property mid-construction and an additional $611,273 worth of funds with our construction credit line financing.

While their original loan from a previous lender was facing maturity, our Construction Completion financing helped our borrower refinance mid-construction. By paying off their previous loan with the funds from the refi, they were able to settle into another 12-month term and avoid paying extension fees and the pressure of getting it completed, listed, and sold in time. The additional funds from our construction credit financing allowed the developer to increase their budget and avoid coming out of pocket for expenses.

Intentionally designed from the ground up, this new construction features everything you could want in a modern contemporary home. Featuring state-of-the-art amenities and panoramic desert views, this property stands as a true testament to sophisticated, modern luxury living.

With the support of CV3’s Unconventional financing solutions, the developer was able to deliver a masterpiece in Arizona’s luxury real estate market selling for a whopping $7,900,000!