What is meant by “100% Financing” and “No Money Down Financing”?
Our program is a turnkey “Construction-To-Permanent” loan package that covers the entire cost of the construction project, closing costs and your end loan. The maximum LTV (“loan to value”) on loans up to $500,000 is 100%! Loans over $500,000 have LTV’s of 90% and less (depending on loan sizes up to $3,000,000) but can still qualify as “No Money Down.” On loans over $500,000 the borrow must “contribute equity.” The equity contribution can come from a variety of sources such as the standing equity in your lot, pre-paid “soft costs” like architectural fees, consulting, surveys, appraisals, plans, permits, etc., or pre-paid “hard costs” such as deposits on building materials. Just because your loan size is over $500,000 does NOT mean you must bring “cash to closing,” since you may already have the necessary equity in your project to qualify as “no money down.” Call us for a Free Telephone Consultation today. We are very experienced in analyzing each borrower’s project and structuring the
