This program is designed to provide a business loan to purchase and/or develop unimproved raw land for a residential or commercial subdivision. Construction financing is also available.

 

• Loan amounts from $100,000 to $10,000,000

• Loan amount up to 75% of the appraised value, not to exceed 85% loan to cost (loan to value could be less subject to a full underwriting and market review of the project)

• Land purchase up to 55% of the purchase price. (Cross collateralization allowed on other properties, if needed, for maximum loan amounts)

• Loans available to qualified Developers with less than 5 years experience

• Fast pre-qualification, typically between 3 to 5 business days

• Deal Directly with Loan Officer/Underwriter

• Loans are available to Borrowers with excellent to less than perfect credit

• Flexible draw schedules

• Up to 3 year terms available

• Interest only payments based on funds draw

 

Loans available in the following states: AK, AL, AR, CA, CO, CT, DE, FL, GA, HI, IA, ID, IN, KS, KY, MA, MD, ME, MI, MO, MS, MT, NC, NE, NJ, NM, NY, OH, OK, OR, PA, RI, SC, TN, TX, UT, VA, WA, WY 

 

Commercial Lot/ Land Loans

 

This program is designed to provide a business loan to purchase a commercial lot or refinance a current commercial lot loan. Commercial lots must be eligible for present or future commercial construction. Construction financing is also available (See appropriate construction loan link above for more information).

 

• Loan amounts from $50,000 to $1,500,000

• Land purchase up to 55% of the purchase price. (Cross collateralization allowed on other properties, if needed, for maximum loan amounts)

• No minimum acreage requirements or maximum limitations

• Commercially zoned land with entitlements

• Fast pre-qualification, typically between 3 to 5 business days

• Deal Directly with Loan Officer/Underwriter

• Loans are available to Borrowers with excellent to less than perfect credit

• Up to 3 year terms available

• Interest only payments

 

Loans available in the following states: AK, AL, AR, CA, CO, CT, DE, FL, GA, HI, IA, ID, IN, KS, KY, MA, MD, ME, MI, MO, MS, MT, NC, NE, NJ, NM, NY, OH, OK, OR, PA, RI, SC, TN, TX, UT, VA, WA, WY 

 

 

Small Balance Bridge Loans

***PROGRAM IS CURRENTLY BEING EVALUATED ON A CASE BY CASE BASIS. PLEASE CALL FOR DETAILS.***

 

This program is designed to access the equity in your current owner occupied residence or possibly another property you own (that is intended to be sold), to purchase a new lot, home or start construction of a new home.
 

• Loan Amounts from $75,000 to $2,500,000

• Loan to value up to 85% of after appraised value

• Allows you to sell your home on your time schedule

• Deal directly with the Loan Officer/Underwriter

• Fast pre-qualification, typically within 3 to 5 business days

• Loans are available to Borrowers with excellent to less than perfect credit

• Full income documentation

• 1 to 4 family owner and non-owner properties are eligible (other property types may be considered on an  exception basis)

• 12 month term

• Interest only payments

 

 

Loans available for owner occupied and non-owner occupied properties in the following states: CA, CT, DE, FL, IA, ID, MA, MD, MI, NC, NJ, NY, OR, PA, RI, VA, WA 

Loans available for non-owner occupied properties only: AK, AL, AR, CO, GA, HI, IN, KS, KY, ME, MS, MO, MT, NE, NM, OH, OK, SC, TN, TX, UT, WY 

 

 

Builder Model / Spec Construction Loans

This program is designed to provide a business loan to a Builder for the construction of a model or spec home.

 

• Loan amounts from $100,000 to $20,000,000

• Loan amounts up to 75% of the appraised value (Cross collateralization allowed on other properties, if needed, for maximum or greater loan amounts)

• Land purchase may be included in the construction loan. Please call for a quote.

• Deal directly with the Loan Officer/Underwriter

• Full and Limited Documentation programs available

• Fast pre-qualification, typically within 3 to 5 business days

• Loans are available to Borrowers with excellent to less than perfect credit

• Flexible draw schedules

• 1 to 4 family homes preferred, see Multi-Family for more than 4 units

• 12 month construction term (longer terms considered on an exception basis)

• Interest only payments based on funds advanced

• New Builders will be considered

 

 

Loans available in the following states: AK, AL, AR, CA, CO, CT, DE, FL, GA, HI, IA, ID, IN, KS, KY, MA, MD, ME, MI, MN, MO, MS, MT, NC, NE, NJ, NM, NY, OH, OK, OR, PA, RI, SC, TN, TX, UT, VA, WA, WY 

 

Multifamily 2-4 Units Construction Loans

This program is designed for Borrowers who are constructing a 2 to 4 family residential owner occupied property. Non-owner occupied properties allowed, please call for a quote.

 

• Self Build available

• Loan amounts from $100,000 to $2,500,000

• Loan amounts up to 75% of the appraised value (Cross collateralization allowed on other properties, if   needed, for maximum or greater loan amounts)

• Land purchase may be included in the construction loan. Please call for a quote.

• Deal directly with the Loan Officer/Underwriter

• Full and Limited Documentation programs available

• Fast pre-qualification, typically within 3 to 5 business days

• Loans are available to Borrowers with excellent to less than perfect credit

• Flexible draw schedules

• 12 month construction term (Longer terms considered)

• Interest only payments based on funds advance​​​

 

Loans available for owner occupied and non-owner occupied properties in the following states: CA, CT, DE, FL, IA, MA, MD, MI, NC, NJ, NY, OR, PA, RI, TX, VA, WA 

Loans availabe for non-owner occupied properties only: AK, AL, AR, CO, GA, HI, ID, IN, KS, KY, ME, MS, MO, MT, NE, NM, OH, OK, SC, TN, UT, WY 

 

Residential Lot and land Loans

This program is designed for Borrowers in need of financing to purchase a residential lot. Residential lots must be eligible for present or future new construction. Construction financing is also available (see appropriate construction loan link above for more information).

 

• Loan amounts from $35,000 to $750,000

• Loan amounts of up to 75%* of the purchase price in improved subdivisions, otherwise up to 55% loan to value. Please call for a quote. (*Cross collateralization allowed on other properties, if needed, for maximum or greater loan amounts)

• No minimum acreage requirement or maximum limitations

• Deal directly with the Loan Officer/Underwriter

• Full and Limited Documentation programs available

• Fast pre-qualification, typically within 3 to 5 business days

• Loans are available to Borrowers with excellent to less than perfect credit

• Flexible underwriting

• Residential zoned land (some exceptions for agriculturally zoned land)

• Interest reserves are typically not required

• Up to 5 year terms

• Interest only payments may be available

• Satisfactory evidence the lot can be built on

 

Loans available in the following states: AK, AL, AR, CA, CO, CT, DE, FL, GA, HI, IA, ID, IN, KS, KY, MA, MD, ME, MI, MO, MS, MT, NC, NE, NJ, NM, NY, OH, OR, PA, RI, SC, TN, TX, UT, VA, WA, WY