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Speculation (Selling) Construction Loan Program Details

Borrowing entities and credit requirements

  • Owner, builder, spec or custom home construction
  • Individuals, corporations, LLCs, partnerships, trusts, estates, international investors, etc.
  • Combine multiple borrowers or multiple entities in a single transaction
  • Decisions are based on the quality of the project
  • Ground-up or broken priority

Property types and requirements

  • Spec residential – attached, detached, in-fill, high end fix & flips, multi-family or broken projects
  • Commercial projects can include acquisition financing and asset repositioning
  • Ground-up or construction completion and broken priority…and we can finance the acquisition, too

Realistic construction periods

  • Up to 24 months, or more, depending upon the scope of the project
  • Can accommodate multiple phases and sensible, market driven partial releases
  • No prepayment penalties or yield maintenance

In-house construction department

  • Manages its own construction fund controls and inspections for projects throughout the west
  • Quick, flexible dispersals. One-week turnaround on draw requests
  • Custom draw schedules that support your project
  • Experienced construction manager is on staff and at your service

Responsive portfolio lender

  • Doesn’t rely on credit lines or depend on reselling to the secondary market
  • Offers the creativity and flexibility that comes with being a true portfolio lender
  • The ability and willingness to structure sensible solutions to your construction financing needs

Simple application process

  • Call or e-mail your loan request

Fast answers

  • Same-day turnaround on expression of interest
  • We know our markets and can get to deal certainty while the bank is still asking questions
Loan Amounts $300,000 to $10,000,000
Loan to Value: Flexible
Interest Rates: 7.99% to 9.99%
Fees: 2 to 4 points
Loan Term: Up to 5 years
Lien Position: First
Prepayment Penalty:

None