• Loan Type(s): Single Family 1-4 Units, may not refinance debt

• Size: Up To $5,000,000

• Term: Up To 5 Years but no new projects after 4 years

• Use of Funds: New Construction

• 20+ Completed Projects Required To Qualify

• MAX Final Loan to Value Limits: 70%, Up To 100% LTC

• Rates At: .67% Per Month on Funds Drawn Down

• Origination: > 2.8% or less on committed amount

• FEES: TO BE CUSTOMIZED PER APPLICANT - INQUIRE WITHIN

• Fees Cont.; Most fees are financeable (until project payments begin)

• Close in as little as 60 - 90 Days

• 650 Minimum FICO Score w/ No Major Delinquencies

• Use of Funds: New Construction

Builders should benefit from make-sense construction loans, too.

 Great benefits for the builders will include:

• Easy hold-back guidelines

• Flexible draw schedules

• Easy builder approvals

• One loan originator, one relationship, one servicer

• Direct Capital Resources for all deals

• Transparent, up-front underwriting on short-term loans

• Simultaneous close for lot purchases and interim financing if needed

• Quick turn time on closings, within 10-15 days of receiving final contracts, plans, and specs

• No third-party underwriters to slow construction loan approval processes

• 100% funding options available!

Time is money for new builders. With a private construction loan, the builder avoids ugly and laborious tasks to get his investment(s) off the ground!  Builders who utilize private construction loan(s) open up options of higher leverage, quick closings, expedite draws and more…  Builders will benefit from an increase in new construction business from investors and/or home buyers who are tired of the exhaustive search for the ‘perfect’ house. Additionally, they become good employers that support the local economy.  In the end, everyone benefits by building a new community!

PRIVATE LOANS, often referred to as hard money loans, private money loans or bridge loans, offer three significant advantages over conventional or bank-financing arrangements. We as private lenders can fund quickly, within a flexible structure and without ugly prepayment penalties that can unintentionally hinder the success of your business. Here are our top five advantages of short term bridge loans at Crowder Financial:

1. Rapid Funding of Loans:

Trying to secure even the simplest of loans from a financial institution in the post-Enron, post-economic downturn world can be extremely difficult. Banks never-ending requests for forms, statements and other documents force businesses to wait. But we all know that opportunity waits for no one. We can move quickly and base decisions largely on the liquidation value of the collateral provided. Faster decisions mean you start moving forward in your business rather than get caught in funding limbo.  Our typical short term commercial loans fund in as little as 15 to 30 days with possible express options available.

2. Flexible Term Structure:

Your business is constantly adapting to changing market circumstances. Traditional financial institutions aren’t as flexible and typically take a one-size-fits-all approach to all requests. We can structure repayment and collateral release terms in ways that are mutually beneficial to both the borrower and lender. Greater flexibility often results in better outcomes.  Our terms range from 6 to 36 months based on your individual needs and project underlying details.  It is best to execute a deal in the shortest allotted time to allow for maximum returns on your investments and to offer quick closings for your seller(s).  A typical residential new construction will range from 6-12 months depending on the exit market, but your average commercial deal ranging roughly 12-36 months.

3. Prepayment Penalties:

You know that even the best-laid plans can change, hopefully for the better. If business goes particularly well, the last thing you want is to be penalized for your success. Yet traditional financial institutions often charge hefty prepayment penalties if circumstances change and a loan is fully or partially repaid before the due date. We are fully invested in your success and typically structure loans with or without limited prepayment penalties or added fees. It’s one more way a private lender can contribute to your success.  We want you to be successful and in most cases do not apply any pre-payment penalty to our short term loans.  As a matter of fact; we want you to exit as quickly as possible so our monies can be flipped and used again to increase our profits.