C/P FINANCING


Dear Potential Investor,

This is a general guide of the investment process and thus, actual figures and timelines may vary, are subject to change without notice to the investor, and 4sitepreconstruction.com cannot guarantee any results.

1. Guidelines for financing amounts on construction to perm loans will be based on 85% of the appraised value for investors with a credit score greater than 700+.

2. No lot seasoning is required.

3. The above loans will be written on the bases of stated income and verified assets. If the investor chooses a full doc loan program the parameters improve.

4. The loan converts to a permanent loan if the property is not sold before construction is completed.

5. There is one closing for both the construction and permanent loan.

6. The loan program at present has a cap on the interest rate of prime and a float down if interest rates decrease during the construction period.

7. An interest reserve account will be established up front and added to the loan amount.

8. The loan may not be prepaid prior to the certificate of occupancy. If the property is sold before one year there could be a pre-payment penalty and that is disclosed to the investor.

9. The mortgage payments during the construction period are interest only; at prime, based on the draws to date from the contractor.

10. Total closing costs typically run from 2-3% of the loan amount.

11. Qualified investors may initially undertake two investment projects. When one property rolls to permanent status another property may be initiated.

The above steps provide a reasonable estimation of the investment process; however, each particular transaction is unique, especially since each Investor is unique, based upon credit history and market conditions. 4SP does not guarantee any specific time-frame, costs incurred, quality of services provided, or results from this investment process. Hopefully, this information will help you, the Investor(s), to make a reasonably informed investment decision for your future success.

Please fill in the following information and one of our real estate professionals will contact you shortly with more information.