Construction loan placement for business purposes are typically
1 to 5 years. Apprasials not required.
We place ALL TYPES OF BORROWERS
Individuals, Corporations, LLC's, Trusts
VCNW can combined multiple borrowers in a single transaction.
Credit Score not an issue.
Any kind of property developed or undeveloped.
Residential, Appartment bldgs. Retirements Centers, Nursing Homes, Industrial bldgs, Retail, Strip Malls, Small or Large Residentail Developments
Mobile Home Parks, Campgrounds, Churches, Duplexes, Wharehouses
Secure Multiple Properties can be cross-collateralize for maximun loan amounts.
Loan Amounts: Up to $10,000,000
Loan to Value: 50%
Interest Rates: 11% - 14.00%
Prepay Penalty: None
Loan Term: 1 to 5 years
Lien Position: First.
Broker Fee: 5 to 10 points