We offer private money loans, also known as hard money loans, for new construction, fix and flip, renovation or remodel, spec construction, home construction, commercial construction and land development. We can even lend on properties where the construction has already begun (broken-priority situation).
Hard money SPEC construction loans for California. Future value construction loans for builders. Vanguard Hard Money. California’s Premier Private Money Lender. CALL US! 800-427-1441. Our staff will be happy to answer your questions . Lending for California Only.
Benefits & features 100% lot financing available Up to 70% loan to value based on market grade and loan amount No minimum credit score No tax returns or financial statements required unlimited free inspections No documentation, administration, or draw fees Monthly interest only on the amount of money you have.
Fha One Time Close Mortgage Everyone Wins with a FHA One-Time-Close Loan: Borrowers: With a FHA OTC Loan, unlike a traditional two-step construction loan, the borrower doesn’t need to re-qualify for the loan upon completion of the construction. With no need to re-qualify for the loan there is no need for reverification of credit, income, assets, or the appraised value.
Builder Model / Spec Construction Loan This program is designed to provide a business loan to a Builder for the construction of a model or spec home. The Normandy Advantage
Normandy specializes in residential and commercial construction financing. If you need help or have questions, please Call us at 800-390-7536 to speak directly to one of our Loan Officers.
For most projects, we loan up to 75% Loan-to-Value (LTV) and up to 95% Loan-to-Cost (LTC). Here at Trueline Capital, we offer competitive construction, fix & flip, and bridge loans to licensed builders for spec and custom projects in the Pacific Northwest.
Builder SPEC loans 90% of hard cost. Construction loans throughout Texas .. 90% SPEC loans for builders: We know where to get this tough loan and we know the good and the bad sources: What down payment is required? – 10% x cost of land + 10% x cost to build (not including builder fee.
Most construction loan programs are for owner-occupied single-family residences, or owner-occupied duplexes. lot loans are for vacant parcels zoned for 1 to 2 units. Vacant rural/agricultural land loans are available in most states. In California, we also do loans for commercial and multi-family construction.
A spec loan is usually given on a short-term basis and is not meant to be a long-term mortgage. The aim of the borrower is to sell the property quickly after construction is completed. It is crucial that potential borrowers can demonstrate their expertise in order to qualify for a spec loan.