CONSTRUCTION LOANS

Construction to Perm - Residential

Includes the lot cost, construction and permanent loan. It's like getting 3 loans for 1 set of closing fees! In some cases $0 money out of pocket. We offer a one-time close loan to finance the construction of primary or secondary residences, including major remodel/rehab. This means no re-qualifying, no new loan, no new escrow charges and no new loan fees when construction is complete.

With our program, the construction and permanent loans are combined in one set of documents. You can lock in the permanent loan rate before construction even starts and if market rates are lower at completion of construction you can roll down to the lower rate! Take up to 24 months to complete construction. During that time, interest is charged only on the amount outstanding. When the home is completed, your permanent mortgage begins. What could be simpler?

Two Time Close- Purchase the land. One set of closing fees. Then proceed to get your architect( plans and specs) and builder (cost of construction), once we accomplish that we can move forward to your Construction to Permanent Loan.

Construction to Perm - Commercial

Apartments
Strip Malls
Investment properties (single or multi-family)
Office buildings
Warehouses
Medical-professional
Condotels
Condo Warehouse

Construction Completion Loans

Construction completion loans involve a lender or funding source replacing the financing in a project where construction has already begun. For whatever reason, the current source of funding for construction completion cannot or will not complete the funding of the construction for the project. A new lender and source of funds for completion must be found quickly to provide funds for the purpose of completing the project as planned and as close to target completion dates as possible.

Rehab Loans

Rehab loans provides buyers and current owners the best financing method available to improve property condition and value with one simple transaction. And, the mortgage loan amount is based on the "as completed" value and the LTC (Loan to Cost ratio) of the property.

Short term loans generally have a maximum term of 2 years. At times acquisition costs may be built into the loan.

Spec Loans

Contractors, builders and developers who are building a home without a guaranteed sale upon completion are said to be building on "Spec", which is short for "Speculation". These individuals and companies are speculating that they will earn a profit when they sell the newly constructed home. Our programs are specifically designed for these types of projects.

Contact us today. Call 1-866-771-2712

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