Our Company views our borrowers as long term relationship customers. Here is what we offer: Loans to build spec houses in subdivisions where you are building today, appropriate loan to values based on each market, one on one service, easy process, no garbage fees, a reasonable interest rate, and a large loan fee funded by us on the first draw and paid by you when the home sells.
We generally pay subs and suppliers out of your draws to protect both you and us from liens. We do not want to be your only lending source, but rather a way to enhance your overall sales and margin dollars by having a product available for sale, rather than an empty lot.
Our ideal customer has a great deal of building experience, is building profitably on contracts today, believes a spec house could increase the total number of homes sold per year, and is currently building in one or a few subdivisions where a spec home could increase sales for that builder in the subdivision. If you think you fit our profile, and would like to develop a relationship with us, please call us at (302) 752-2688 or 30 ASK ABOUT, or email us using the contact page.