Vanguard Hard Money

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.
Vesting:  
  • 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.
Cost:  
  • 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 .


 
 
 
 
 
 
 
       
Having trouble finding something? Take a look at our Sitemap.
www.VanguardHardMoney.com • 800-427-1441 • 714-956-0508
© Copyright 2010 Vanguard Hard Money
DBA Commercial Loan Express BRE Lic. #01884973 All rights reserved