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Does Pacifica South Bancorp finance projects where construction has already started?

April 26, 2017Bancorp Construction Finance PACIFICA Projects south STARTED

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Does Pacifica South Bancorp finance projects where construction has already started?

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This is considered broken priority. In order for us to consider the loan request, the borrower will need to provide evidence of payment on work performed, appraiser to address any adverse conditions due to construction in progress, and title company willingness to insure project.