Residential & Commercial – New Construction
Construction Loan Program
In business over 35 years as a real estate developer, CFC understands the specific needs and challenges inherent to residential and commercial construction. Our program is designed to provide efficient capital at every stage from loan closing to disbursements of construction funds.
Basic Loan Criteria
|
Loan Amount |
$100,000 – $5,000,000 |
|
Property Type |
Residential or Commercial |
|
Occupancy |
Non-owner occupied |
|
Term |
6 – 24 months |
|
Lien Position |
1st lien |
|
Interest Rate |
Starting at 8.99% |
|
Origination Fee |
1.5% to 2.5% |
|
Loan-to-Value |
Up to 65% ARV |
|
FICO |
No minimum FICO score |
|
Location |
Southern California |
|
Funding |
As few as 10-14 days |
