Construction projects include many moving parts, which could cause roadblocks to the funding source for many builders. The first and necessary piece is to have your site “Shovel Ready”. This include a lot of land with permits, blue prints, etc… along with a licensed, bonded and insured general contractor. Now we are ready to fund the construction loan, right? Most lenders will typically only go up to 70% Loan To Cost. Another speedbump is the extensive documentation required to release funds.
“Dig this…” Valor Lending Group now offers California Construction Loans up to 90% Loan to Cost with full documentation on custom and 80% on spec. Other loan programs include fast fix and flip loans up to 72% Loan To Value with stated income. Please call today to discuss your scenario 858-472-3988, and start digging tomorrow… well, when the loan is ready!
