Alicia’s Tip of the Week: Land Construction Loans
July 13th, 2007 . by Mike KellyTip of the Week: One more service I can provide you – Land and Construction loans! I work with quite a few investors that provide financing for the purchase of Land as well as for Construction on land being purchased. If you, or someone you know, has a property you’d like to build on, or would like to build on a piece of property you’d like to buy, give me a call and I can help you structure your purchase loan and let you know what you will need to keep moving forward. Construction loans do require plans to be approved prior to the close of the loan, but once you have those, the transaction can be very smooth. And there are options for construction loans where you can have a one time close – you won’t have to find financing once the project is complete as the construction costs will be wrapped up into a new loan at the end. You’ll receive a guaranteed rate, and if rates should go down prior to the close of the construction period, you’ll have the option of getting that better rate. There are lot’s of possibilities!
Think of me as your Full Service Real Estate Financing source! If you, or someone you know is thinking of building their dream home, or wants to purchase the property to build their dream home, give me a call today. I am delighted to assist you in finding the perfect loan for your purpose. (707) 284-2718 and on the web www.aliciahodenfield.com.


