Loan Parameters For Construction

Loan Size: $500,000 to $50,000,000+

Term: 1-3 Years

Lending Area: Nationwide for commercial. California for Residential

Property Type: Commercial & Residential

Interest Rates: 11% - 16% (rates vary depending on collateral type )

Amortization: Interest Only

Loan to costs: Up to 75%

Interest Reserve: 1-3 yrs (should be factored into the loan amount)

Origination Fee: 4% - 10% taken at closing from the loan proceeds

Closing Terms: Closings in as quick as 12 business days

Better Loans & Realty Corp., Ca Dept. of Real Estate: License #01383549