Construction & Development Loans
Searching for a lender who understands construction and development loans?
We can assist!
We remain active in the land development and spec construction financing market.Financing Possibilities:
- Condo projects.
- Construction financing up to 85% of land & construction costs.
- Raw land financing.
- Spec project funding available for:
- Single family homes.
- Residential and commercial subdivisions.
- Commercial projects.
Each development & construction financing is unique. Call us to discuss your requirements.
An expression of interest requires:
- Background on purchasing company, individuals (why,who,what?).
- Purchase Agreement.
- Financial Statements for Purchaser-3 years.
- Individual Personal Net Worth Statement. Vector PNW PDF.
- Requested amount, term, amortization.
- Current state of zoning, rezoning information, documentation from the City.
- Blueprints, and Construction Budget.
- Background on Builder, General Contractor.
- Current value, expected future valuation.
- Any digital pictures of the property (a picture is worth a thousand words).
Commitment will folllow upon submission of:
- Appraisal of the property/properties. We often can use dated appraisals, so please present them prior to ordering new ones.
- Environmental Phase 1.
- Geotechnical Report (soils report).
- Inspection of the property by Vector Pacific.