For Experienced developers and seasoned real estate investors:

FOR DEVELOPERS

• Small, single-family subdivisions
• Single spec homes
• Commercial developments

FOR REAL ESTATE INVESTORS

• Funding is determined by appraised value or cost.
• An outline of the project is needed
• Show cost of development
• Survey of the market to demonstrate the project will be profitable  
• Provide time line of project  

HOW IT WORKS

• The loans are non-revolving, lines of credit secured by real estate and possibly personal guarantees.
• The loan funds are distributed as the project proceeds which includes inspections and review by the construction management inspector.  
• Interest may only be incurred on funds advanced*.
• The borrower may possibly avoid paying interest out of pocket.

* Note: may not be applicable if private money is needed and used.