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Hard Money Construction Loans in Sacramento, California For Sale

Type: Financial, For Sale - Private.

Ground Up Construction Loan Parameters
? 30% cash into the transaction (if there is a seller carry on the land, the borrower will still need to come in with 20% cash)
? 60% Loan-to-Value for 12 month note
? Extensive rehab experience and / or new home building. No first timers
? Cash reserves of 10% on the cost of construction
? Cost based on the following formula = land cost+ soft cost (architect, permits) + hard construction costs (must include 10% contingency) + 9 months pre-paid interest
? Must have executed contract with contractor reflecting the hard costs prior to close
We fund in California in 14 -- 30 Days- Best Rates -- Direct in house funding
Email me your request with your contact info and let's get started today!

State: California  City: Sacramento  Category: Financial
Financial in California for sale

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