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Our 1-time Close Construction-to-Permanent loans offer a choice of 12, 15, and 18 month terms with Interest-Only payments available. It is a "1-time close" loan because you receive both a short-term Construction loan and a permanent loan at the exact same time! This saves time and money as only 1 loan transaction occurs.
Our Construction programs require a minimum Down Payment of 5% up to 400k, 15% up to 500k and 20% up to $1M. All construction loans over $1M require a case-by-case exception.
Owner/Builders are permitted upon satisfaction of certain requirements.
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