We specialize in construction loans that fit your needs. Whether you’re building your own dream home, building to lease or sell, or need funds to complete a project already underway, we have the construction loan program for you! When traditional lenders say “no,” we can say “yes.” We offer private money loans, also known as hard money loans, for new construction, fix and flip, renovation or remodel, spec construction, home construction, commercial construction, and land development. We can even lend on properties where the construction had already begun (broken-priority situation).
The loan-to-value for our construction loans is based on the completed value of the project. If the land is owned free and clear, or close to it, we can often lend 100% of the construction costs. We have no minimum credit score requirements and consider all income sources when ascertaining a client’s ability to service the construction mortgage. Self-employed clients are our specialty. We work with general contractors as well as owner-builders. Having a general contractor is not a requirement for our construction loans.
When contacting us you will speak directly with a decision-making underwriter. There are no loan committees to slow the process down. Since our loans are funded with private money, we are able to structure our loans to meet the needs of our clients. There is no “one-size-fits-all” box that all loan requests must fit into. Decisions are made promptly and funding follows quickly thereafter. Give us a call and see for yourself.
Here are some of the ways Arizona Mortgage & Investments may assist with your construction lending needs: