by Dan Ketchum
With new construction valued at about $992 billion as of 2019, the U.S. is currently home to one of the most robust construction markets on the planet, driven in particular by the residential sector. Alongside the South Atlantic, the Pacific U.S. is among the most bustling for builders. With teams across the US, Builders Capital is here to fund that bustle. You have your vision and you know the best place to get a loan—now find your fit and get ready to build.
We know that markets like Seattle and many others in the US need more housing to meet the needs of steady population growth, and that’s often where a Builders Capital construction loan comes in. If you have your permit to build ready, a construction loan covers both the purchase of the lot and the costs of construction from $100,000 to more than $10 million as needed.
This type of loan caters to single family residences, two-to-four-unit properties (like duplexes or triplexes), townhomes, condos, small and midsized apartment buildings and subdivisions.
But what if you do not have a permit to build yet? Consider a bridge-to-build loan for your A-to-Z project solution, financing the process from acquisition through construction. If you need a little help securing plans and permits, this loan is for you.
For projects involving entitled land without permits, sub-dividable properties, and masterplan sub-dividable parcels with total budgets up to $10 million, bridge-to-build loans are flexible and customizable. They feature a longer term, up to 18-months and require you to only close one single upfront loan.
If you have a project focused on horizontal development, a development loan helps you lay that essential groundwork, from zoning changes to clearing ground, cutting roads and installing utilities. With custom loan amounts and terms ranging from 6 to 18 months, development loans roll the acquisition and horizontal development of single-family and townhome plots into a single package.
When opportunity knocks, it does not always hang out on the porch and wait around for you. And that’s doubly true in competitive builders’ markets. Enter the bridge loan. Don’t miss a single opportunity with a fast-moving, quickly processed loan to purchase or refinance single-family and multi-family residences, condos and townhouses.
Fix and Flip Loan
Wherever you are in the US, a fix-and-flip loan is your ticket to that ROI. The online draw process at Builders Capitals gets the money to you quickly, with lower fees than other types of custom loans. You only accrue interest on your drawn balance, so you can keep your costs lower, flip faster and more efficiently.
Dan has been a freelance writer since 2009. As a small business owner, he’s fortunate enough to have collaborated with the likes of Career Trends, Discover Student Loans, Office Depot and more. As a writer, his work has appeared in publications such as USA Today, The Seattle Times, Fortune, Chron.com and Motley Fool, among others.