|
We have assisted
Developers involved in small subdivisions up to Multi-Phase, Multi-Use
projects.
We offer concurrent
Letters of Credit in favor of municipalities and utilities. We encourage
you to contact us early in the process.
 |
Builders
Mortgage Company is an asset based lender that specializes in
loans to licensed, experienced residential contractors and developers. |
|
We work
to meet the needs of all sizes of Developers up to the largest
developer in our market. |
|
We offer
Lien Waiver Payments to Builders for payment of their subcontractors
and suppliers with 1099 reporting provided. |
Loan
Requirements:
|
|
Preliminary
or pending plat approval |
|
Engineering
costs estimate and LC estimate |
|
Land layout
design |
|
Area map
to site |
|
Land purchase
agreement |
|
Developer
agreement |
|
Proposed
lot price list |
|
Finished
lot appraisal by State licensed appraiser |
|
Incorporated,
LLC, or LLP (in good standing) |
|
2 years
financial statements (company and personal) |
|
2 years
tax returns (company and personal) |
All loans subject
to credit application, qualification, and approval.
if you would like to have a loan officer contact you.
|
