Spec Construction Loans

Chicago-based Bridge Development Partners just paid $28.2 million, or $152,000 per acre, for a large swath of land in Miami Gardens where it plans to build a spec industrial park. identify the.

SPEC Construction, Investment and Development Financing As construction and financing professionals, we understand the importance of planning and preparation to the construction process, but even the most meticulously planned projects are guaranteed to have a few unexpected issues.

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Market leading pricing for experienced builders/developers on this Spec Construction Loan. This is Prime (currently 5.25%) + .5%, with the rate fixed using Prime when docs are drawn. 18 months at only 1.5 points, and if you are in and out in 15 months, you get .25 points back. Up to 80% LTC (loan-to-cost).

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In this regard, NSSA have in their possession an independent expert assessment from ABACUS Construction Cost Consultants (Pty) Ltd, which affirmed the appropriateness of the price charged per unit.

You can borrow a percentage of the construction costs, including a portion of the. 1st Constitution Bank offers construction loans to build speculative (spec) or.

A SPEC construction loan is an interim construction loan only, and not the permanent financing because the exit strategy is to sell the property. "SPEC" here is short for "speculating", because the builder or investor is speculating that they can sell the property at a profit.

We offer private money loans, also known as hard money loans, for new construction, fix and flip, renovation or remodel, spec construction, home construction, commercial construction and land development. We can even lend on properties where the construction has already begun (broken-priority situation).

Are you looking for Spec Home Construction Loans? Hard Money Man LLC offers hard money loans in 7 days or less. Contact us today to get your loan!

Normandy specializes in residential and commercial construction financing. If you need help or have questions, please Call us at 800-390-7536 to speak directly to one of our Loan Officers.

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Vanguard Hard Money provides hard money financing for SPEC constructions loans in California.

SPEC Construction Financing A typical bank will often decline SPEC construction loans. Our loans are ideally suited for borrowers who need fast funding or do not meet the criteria of conventional lenders.