Construction Loan Requirements
You must be:
Licensed (by the State)
Incorporated, LLC, or LLP
Experienced
WE WILL NEED THE FOLLOWING ITEMS TO
EVALUATE A LOAN REQUEST
1. For the first loan and annually thereafter
Corporate Financial Statements - last 2 years
Personal Financial Statement
Certificate of Good Standing for the Corporation
2. For each loan request
Marketing Plat Map (8.5 x 11) for the subdivision
House Plan
Construction Cost Statement
Purchase Agreement (if pre-sold)