Flipside Lending recently closed a $1.145MM ground-up construction loan in Mountain Home, Idaho, 15 minutes east of Boise and near Micron, the state’s largest employer. The loan financed vertical construction of two single-family homes, secured by two additional finished lots as collateral.
The project is part of a larger 84-lot master development, with 30 lots ready to build and a phased plan to deliver homes to the growing Boise market. The sponsors will construct these two homes themselves, with plans to follow with additional builds while selling most of the finished lots to regional homebuilders.
This transaction highlights Flipside’s ability to deliver flexible, phased construction financing that helps experienced developers efficiently scale multi-phase communities.
Have a residential development project that needs tailored construction financing?
Reach out to sales@flipsideloans.com to discuss your next deal.
