NASB recently provided $5,149,750 in financing to support ongoing development of Timber Ridge, a residential project located at Dean Avenue and Johnson Drive in Raymore, Missouri.
The financing includes the acquisition of 35 vacant, developed lots along with construction financing for six duplex buildings, supporting the next phase of residential development in the growing Raymore submarket. The project consists of bulk lot acquisitions, paired with new duplex construction, delivering thoughtfully planned housing to the area.
“This transaction highlights NASB’s ability to provide flexible financing solutions that support both lot acquisition and vertical construction,” said Richard, Vice President and Construction Loan Officer at NASB, who originated the loan.
The Timber Ridge Development reflects NASB’s continued commitment to working with valued customers on well-structured construction projects from the ground up.
Project Snapshot
- Project Name: Timber Ridge
- Location: Dean Ave & Johnson Dr, Raymore, MO
- Total Financing: $5,149,750
- Financing Type: Bulk lot acquisition and spec construction
- Project Type: Residential Construction
- Scope: 35 vacant developed lots and six duplex buildings
For more information about NASB’s homebuilder financing capabilities, visit nasb.com/homebuilders.
