Construction Loan Prog. 1

  • 4.625% @ 1 point, Lending off the “as completed” appraised value 6 months after owning the lot.
  • 4.921 APR*
  • 10/1 Year ARM (fixed 10 years).  Qualify at the start rate.
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Construction Loan Prog. 2

  • 4.875% @ 1 point,  HIGH ASSET QUALIFYING WITH ASSET DEPLETION CALCULATIONS
  • 5.124% APR*   $1,000,000 LIQUID ASSETS RESULTS IN $15,000/MONTH INCOME ADDED TO OTHER INCOME.
  • 7/1 ARM (fixed 7 years), 80% to $1M and 75% to $1.5M and 70% to $2M.
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Construction Loan Prog. 3

  • 4.375% @ 1 points,  NEW: 4 years out of BK or Short Sale.
  • 4.644% APR*
  • 7/1 ARM (Fixed 7 years)  89.99% to $1,000,000 WITH 740 CREDIT, 85% to $1.5M….OFF THE “AS COMPLETED APPRAISAL.  
  • NEW: Lending off “as completed” appraised one day after buying the vacant lot or the home to be remodeled.
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Multi Family Construction Loan Prog. 4

  • 4.25% 15 year fixed, 30 year amortization for income producing property for loan amounts $20M to $750M.  Balloon payment in 15 years.
  • 4.702% APR*
  • 4.25% is also the rate during construction on the “single close” loan for income producing properties.
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SPEC Construction Loan Prog. 5

  • 5.25% @ 1.25 points for 15 months, construction loan only, for SPEC financing where the exit strategy is to sell the property. Experienced developers.
  • 6.856% APR*
  • 80% loan-to-cost, when 60% loan-to-value.  This is Prime + .5% with the Prime rate used being what it was at funding.  When Prime goes up during construction, this loan stays fixed.   Brokers welcome.
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Call for an owner builder program which is limited to construction industry borrowers.  Call for construction loans for manufactured housing, and rental properties.

* APR (Annual Percentage Rate) based on $500,000 loan amount, or program minimum loan amount.