Product Details
Rates | 11-14% |
---|---|
Origination Fees | 2-5% |
Lending Area | Texas |
Property Types | SF 1-4, MF, Commercial |
Loan Size | $250,000 - $2,000,000 |
Loan Term | 12-18 months, option to extend |
Loan-To-Value | up to 70% |
Loan-To-Cost | up to 90% |
Payment Terms | Monthly, interest only |
Close Conditions | Survey, Title |
Required Docs | credit, bank statements, tax return |
Prepament Penalty | none |
Loan USE | Business use, non homestead |
New Construction / Development
The Construction and Development loan program provides investors with the cash they need to build new homes. Whether you are purchasing a lot or tearing down an existing house to build a new one, this loan product allows for fast, easy funding. Ideal for spec home builders and developers, this loan program remains our most popular.
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