-1-4 Units(above 4 units goes under our commercial program) -100% of construction cost -Interest rate: 8.9%-10.9% -13 month interest only term no pre-payment penalty -2-4 points (lower on larger deals) -Closing in 10-14 days
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GROUND UP CONSTRUCTION LAND HAS NOT BEEN PURCHASED
-1-4 Units(above 4 units goes under our commercial program) -10% down to purchase the land + 90% construction financing (total investment of 10%) -Interest rate: 8.9% - 10.9% -13 month interest only no pre- payment penalty -2-4 points -Closing 10-14 days
------------------ SUBMIT YOUR LOAN SCENARIO:
Nick Hubbard | Senior Loan Advisor e: hml@elitefactoring.com o: 314-252-0299