How Can You Package a Personal Construction Loan?

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In the past, we talked about how to package a personal construction loan, and we've recently received a bunch of questions about it that we want to answer today.

One of the most important things is putting together your loan package. To do this, you need the answers to the following questions:

• What was the price when they acquired the land?
• Is the land worth more now than when they acquired it?
• Do they have a performer showing what current and future income will be?
• Is it a rent scenario? Or are they going to be selling as townhomes and condos?

You must know how to put the package together correctly so it is looked at and underwritten correctly. We at CRE Finance are here to help loan brokers and mortgage brokers do just that. You need to get a non-circumvent agreement and we can give you one that you can use!

We could go on forever about this topic - packaging a personal construction loan can be a big money maker for everyone involved. Give us a call or shoot us an email if you would like our help. Let's get some loans closed here in the last quarter of the year!

How to Qualify for a Fast Line of Credit

In need of a commercial loan? Click here to apply
Check out our portfolio! Click here to view previous transactions

One of the biggest problems residential real estate investors face today is going out, doing all the work, and finding a great deal, but only having one to two weeks to pull the trigger and take the deal before another investor gets there. In these situations, the stumbling block is always money.

If you've ever found yourself in this situation, we have the solution for you. We can get you pre-approved for a credit line between $750,000 and $5 million dollars! The idea is to have the money readily available for you so you are ready to pull the trigger should a deal arise.

To qualify for this line of credit, it doesn't matter what your income is or how many properties you own - it's all about the property you intend to buy.

So if you need financial help in order to take advantage of a great investment opportunity, please don't hesitate to reach out to us. We would love to hear from you!