Vanguard Hard Money
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Lending for California Only
 California's Premier Private Money Lender



SPEC Construction Financing - Guidelines

Gross Loan Amount Loan-To-Value (LTV)
$50,000 - $1,500,000
Call for higher amounts
Up to 75% of the
Future Value

SPEC Construction Financing is available for:
  • Investors
  • Contractors
  • Sub Contractors
  • Brokers
  • Realtors
Types of SPEC projects allowed:
  • Single Family Residences
  • Multi- Family Dwellings
  • Apartments
  • Commercial
  • Duplexes
  • Triplexes
  • Fourplexes
SPEC Construction Budget:
  • Funds are quickly released on a line item basis.
  • Individuals
  • Partnerships
  • LLCs
  • Corporations
  • Trusts
Income Documentation Needed:  
  • We offer equity driven investment finance and accept Bank Statements to Stated Income
Loan Term:  
  • 12 to 60 months for construction
    *Most loans written for 12 months with options to extend.
  • Investor financing ranges from 4% points to 8% points
  • Doc, prep and underwriting ranges from $1,500 to $1,835
  • Construction fund control $1,500 to 1% of the construction budget


Prepayment penalty:  
  • None
Additional SPEC Construction Loan Information:

Rates, terms conditions subject to change without notice .

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DBA Commercial Loan Express BRE Lic. #01884973 All rights reserved