Construction Loans

Construction loans are available to both individuals and builders.  Our interest rates are very competitive and we will loan up to 80% of the construction cost, 80% of the appraised value for loans to individuals and up to 75% of the appraised value on loans to builders.

One of the advantages of our construction loan program is that the interest rate is fixed for up to 12 months.  We also provide end-loan financing at a guaranteed rate.  For builders, we offer both a custom and spec loan program.  Among the services we provide are:

  • Bill Payer Service – Generally invoices are paid the same day and are guaranteed to be paid within 3 days of receipt.
  • 1099 Processing – We obtain and maintain W-9 information and report 1099s to the IRS.
  • Lien Waivers – We obtain lien waivers from subcontractors upon final billing.
  • Unlimited Draws 
  • Monthly Loan-in-Process Statement