Our Websites

Call Now ! (310) 714-5616

Hard Money Loan

For

Construction Project

$2,000,000 To $20,000,000

Starting 8%Fixed Rate

You can borrow up to100% of the project cost

  • Permit fee must be paid in advance and Land must be free and clear
  • Construction loan for commercial and residential house
  • Term: 18 months course of construction, Closing 15 days

 

Property types

Office, Medical, Apartment, Industrial, Warehouse, Self-Storage, Mixed-use, Retail, Car Wash, Gas Station, Condominium project, Single Family Residence, Town House

 

Borrower types

  • Individual
  • Trust
  • LLC
  • Corporation
  • Partnership

 

Items required for purchase transaction:

 

  • 1003 loan application
  • Personal
  • financial statements
  • Credit check
  • Proof of down payments
  • Purchase contract
  • Escrow instruction
  • Title report
  • Appraisal report
  • Rent roll
  • Rental agreements
  • Property tax bill
  • Insurance policy
  • Cost break down
  • Soil report
  • Blue print
  • Constractor reference
  • Resume
  • Insurance policy
  • Bond

 

We are with you when you are planning a newly built residential or commercial property.

 

LENDER needs to know more information about land acquisition and future development projects.

 

1. Where is the property located?
2. How much was the purchase price?
3. When was the property acquired?
4. Copy of closing statement and HUD-1 is required.
5. What type of project will be built on this location?
6. What is the size of land?
7. How much of land is flat, slope or hilly?
8. What is the result of geological test report?
9. Is the land project next to commercial building, gas station, body shop, mechanic shop, or possibly close to a contamination site?
10. Phase I or II report is done on the subject land.
11. Who is going to build the project?
12. Contractor resume, license, and property insurance is required.
13. How much will it cost to build this project?
14. Borrower will have enough equity in the project to satisfy the needed requirement.
15. Appraisal report will be ordered by the lender to find out the profitability and feasibility of the project

 

Please visit our other websites for difrent type of loan programs.

 

 

 

Rates, fees and APR’S are subject to change without notice. Some restrictions may apply.

city capital realty, Construction loan, Home construction, California construction loan, Los Angeles construction loan, owner builder loans, bridge loan

 

Shawn Rabban 310-714-5616

City Capital Realty

"California Bureau of Real Estate, Real Estate Broker".

BRE. 00667328 NMLS 298861 / 729817

 
2013 Copyright City Capital Realty.(310)714-5616 Shawn Rabban. All Rights Reserved.