Pollard Financial Consulting

Construction and Land

Construction and Land

Construction and land loan is loan that finances the price of the land and the construction costs to build on the property. As for the construction funds, they are distributed in portions from completed and inspected phase-to-phase projects in the building process. This is done to make sure the project stays on track and within budget. We serve clients with land loans and new construction loans nationwide. We pride ourselves on funding land purchasing and construction projects very quickly and at any stage of the project. Below are the terms:

  • We fund up to 85 percent of the land value and 85 percent of the construction cost.
  • Interest rates start from 5%
  • Average close time of 5 days
  • Loan size:$20,000 – $10,000,000
  • Interest Rate: from 5%
  • Bad Credit -Accepted
  • Bankruptcy -Accepted
  • Foreclosure -Accepted
  • Collateral: 1st lien position on the property.
  • Down payment: 10% of the project cost.
  • Fees: Borrower will be responsible for expenses without limitation, including legal fees at closing.
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