How Can You Package a Personal Construction Loan?

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





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!