BUILDER MODEL - SPEC CONSTRUCTION LOAN
This program is designed to access the equity in your current commercial property, one you are puchasing or a property you intend to sell.
​
-
Loan amounts from $100,000 to $4,000,000
-
Loan amounts up to 60% of the appraised value (Cross collateralization allowed on other properties, if needed, for maximum or greater loan amounts)
-
Land purchase may be included in the construction loan. Please call for a quote.
-
Foreign Nationals are eligible for this program
-
Deal directly with the Loan Officer/Underwriter
-
Full and Limited Documentation programs available
-
Fast pre-qualification, typically within 3 to 5 business days, closing typically within 21 days (fast track closings available)
-
Loans are available to Borrowers with excellent to less than perfect credit
-
Flexible draw schedules
-
1 to 4 family homes, see Multi-Family for more than 4 units
-
12 month construction term (longer terms considered on an exception basis)
-
Interest only payments based on funds advanced
-
New Builders will be considered