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                                                                               BUILDER SOLD LOAN


This program is designed to provide a business loan to a Builder who has a contract to sell the home once the property is completed

  • Loan amounts from $100,000 to $3,000,000

  • Loan amounts up to 75% of the contract price on conforming loan amounts, otherwise up to 70% of contract price. (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 14+/- days 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

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