Location: Pinole, CA

Loan To Cost: 90%
Loan Type: New construction loan
Total Loan amount: $1,100,000

The borrower had a difficult time getting approved for a construction loan to build two SFR. The previous lender could not obtain an approval for 3 months until the contractor for the project who is my client referred our contact to his clients. We were able to get an approval the 1st week and closed escrow within 3 weeks of our original loan submission and were also able to close with 100% of the construction costs covered.