Construction Loans / Development Loans

Commercial Construction Loans, development Loans and Subdivision Loan Finance
Loan amount ranges from: $1,000,000 - $500,000,000

Pacific Mortgage Funding Corporation offer construction lending programs to help developers and investors find stable and interest rate competitive construction loans for commercial and residential development nationwide.

Our financing varies in the USA with local, regional and national construction loan programs to offer the best mortgage financing available for an size of real estate development project.

Please review our Commercial Construction development and residential subdivision financing terms:

Location:	Nationwide
Type:	We provide construction financing for acquisitions, refinances, and new construction of real estate properties.
Loan Options:	Adjustable variable rate loans available.
Amortization:	Interest only
Term:	1 to 2 years interest only with extensions if necessary
Interest Rates:	Prime + 0.5% to 2.0%, or LIBOR + 3.0% to 4.0%
Loan-to-Value:	75% to 80% of completed value 80% to 92% Loan-to-Cost. (LTC)
Recourse:	Typically yes, however we do offer non-recourse construction financing for seasoned developers on larger loans.
Debt Service:	DSCR on construction loans is 1.25%
Prepayment terms:	No prepayment penalty
Collateral:	Commercial real estate property for development
Property Types:	All commercial and residential subdivision property loan types.
Requirements:	Developer and contractor must have development experience.
Closing costs:	Borrower is responsible for all loan due diligence and third party closing costs (Appraisal, Environmental, site inspection, title insurance, etc) Loans under $3,000,000 - closing costs range from $6,000 to $12,000 Loans over $3,000,000 - closing costs range from $20,000 or more

Call or E-mail Us For a Free
Commercial Real Estate Mortgage Loan Evaluation

2001 E. Miraloma Avenue 2nd Floor • Placentia, California 92870
Office: 562.864.4006 . Fax: 562.864.4003
info@PacificMortgage.com