Recently Funded - Construction Capital Available!

Edited by Admin
Recently Funded - Construction Capital Available!
Recently funded acquisition financing to purchase property our clients are going to build on. In addition, construction financing is approved.
Property is being torn down.  It is an existing bungalow for new two story home - principal residence.
Construction Mortgage Details:
Providing 80% of Total Costs which includes Land + Hard Costs + Soft Costs + Interest Reserve.  
Interest only on acquisition financing.
Interest reserve in place for the construction financing. No payments during the term of the build.
Fully Open Term.
Unlimited Draws.
Funds released on work in place basis.
Take out financing already pre-approved to transfer from private mortgage financing to more institutional capital at completion, which is at 97% complete --> everything but landscape and driveway.
Contact Scott for more details
Powered by RWARDZ