Pacificwide Lending offers an incredible array of Land Loans, Lot Loans & Construction Loans.
Including:
Custom Homes
Spec Homes
Commercial Buildings of any type:
Apartment Buildings, Office Buildings, Mixed Use Buildings, Self Storage Facilities, Medical Buildings, Hospitals, Industrial Buildings and many more
Lot Loans / A TIER / Full Doc 45% DTI / (Custom Home Project Only):
3,5 OR 7 year lot loans starting at *4.25% interest and only 1-2% origination fee
LTV’s 80% to $300k
75% to $400k
70% to $500k
65% to $750k
By exception above $750,000
Lot Loans / B TIER / No Income Requirements (Investment Spec Home Project Only):
6 months to 2 year term starting at *6% interest and only 1-2% origination fee
50% down
Lot Loans / C TIER BORROWERS / No Doc (Investment Spec Home Project Only):
12-24 month terms starting at *10% interest and 3% origination fee
50% down
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Construction Loans / A TIER / Full Doc 43% DTI (Custom Home Project Only):
2,3,5 & 7 year LIBOR ARM’s (30 year term) from **3.25% and only 1-2% origination fee
Loan to Cost up to 70%
Example: Acquisition price $500k plus construction cost $500k = Total project $1mm
Loan amount of $700k
Construction Loans / B TIER / No Income Requirements (Investment Spec Home Only):
12-18 month terms starting at **6% and only 2.5% origination fee
Up to 75% Loan to Cost
Construction Loans / C TIER / No Doc (Investment Spec Home or Custom Home):
9-18 month terms starting at **10% and only 3% origination
30-40% equity in project
Give me a call today to discuss your scenario and experience our dedication to excellence!
Darren Carlin
(925)872-0695
APR’s add *1% to interest rate quoted
**2% to interest rate quoted
