Construction Loans

Experienced builders only with a maximum exposure to any one borrower of not more than $2,000,000. Infill residential lots preferred but will consider new plats.

Commercial construction only for Texas

ALL TYPES OF BORROWERS

• Individuals, Corporations, LLC’s, Foreign Nationals
• Spec Construction or Owner Builder
• Non-FICO driven. Decisions based on the quality of the project

  REALISTIC CONSTRUCTION PERIODS and…

• No prepayment penalties
• Refinance, Occupy or Sell the property at your leisure

  FLEXIBLE DISBURSAL SCHEDULES

• Fast payments for completed line items

  PORTFOLIO LENDER

• Doesn’t sell its construction loans
• We service all loans in-house
• The Borrower goes back to you for the refinance 

Loan Amounts: Up to $2,000,000    

Loan to Cost:    Up to 75%   

Loan to Value: 60% is typical, exceptions up to 65%

Interest Rates: 9.99% – 10.99%

Prepay Penalty: None

FICO Score Min: 600

Loan Term: 9- 15 months

Lien Position: First only