What are the advantages of using the funding that EDC provides?
EDC finances 100% of the purchase, construction, and closing costs and we close loans very quickly (typically within 7-10 days from the date of application). Our loans require no monthly payments for the loan duration and we never charge pre-payment penalties. Some lenders will charge application fees, inspection fees, wiring fees, etc. At EDC, we only charge you points and interest on the loan – No Junk Fees! In addition, EDC allows borrowers to do mulitple projects at a time once a client has purchased one property and completed it successfully with EDC.
