New Construction

New Construction loans are short-term loans intended for investors who are looking to build or extensively renovate a home. New construction loans are paid in a series of draws. At Pacific Equity & Loan, we pride ourselves in offering a fast draw system for our borrowers and filling in the gaps where traditional banks cannot.

New Construction

Product highlights

BASIC INFORMATION ON OUR NEW CONSTRUCTION LOANS

Quick and Easy

CREDIT APPROVAL REQUIREMENTS

2-3 DAY TURNAROUND TYPICALLY FOR CREDIT AND PROPERTY APPROVAL

600 Credit
Minimum
Credit Score
Bank Statements
Bank Statements

Must have 3 mo. interest payments

2+
HUDs in Experience
Drivers License
Driver’s
License
Loan Application
Loan
Application
Documents

What We Need From You To Process

We need a few documents from you to in order to process your loan, if you have these ready to go it will speed up the process and get your loan closed quicker.

Full Appraisal

Itemized Repair Budget

On our application

Fully executed contract & any assignments you may have

Plans and Permits

Entity Docs

Hard Money loans must be business to business, therefore we have to lend to an LLC or Incorporation

Operating
Agreement/Bylaws

W-9 – EIN Assignment Document

Articles of Organization

Certificate of Good Standing

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