ONE TIME CLOSE CONSTRUCTION LOAN: Our One Time Close Construction is designed to help you build the home of your dreams and obtain both upfront financing for the loan and construction costs, as well as permanent financing upon completion of the project.
Finance both the Lot acquisition + Construction loan to 95% Financing. Upon completion of construction loan is rolled into CONVENTIONAL financing.
** This is an amazing program. Details below on a recently closed project to illustrate: **
1.2MM Purchase price (450K LOT purchase +750K construction loan)
5% Down payment, or $60,000
Dedicated Project Mgmt to issue Contractor & Plans Approvals, Manage timelines & Disbursements
This project was designed with a Draw of 50K at closing to get the program off of the ground +
7 subsequent draws of 100K per month for 7 months as designed by CONTRACTOR.
Upon construction completion the loan is rolled into PERMANENT Conventional financing.
Construction Management Specialists
The construction of your dream home is an elaborate project with many moving pieces. Our specialists have years of experience ensuring projects are adequately funded and have clear milestones and budgets set to see home builds through to completion. 100% of our specialists efforts are focused on helping clients stay on track. With so many parties involved, you’ll want to work with a lender that understands the ins and outs of construction lending, communicates effectively with you and gives clear and concise direction on next steps.