CONSTRUCTION LENDING:
EXPERIENCE COUNTS
With over 40 years in the mortgage business, we’ve developed strong expertise in construction lending—one of the more complex areas of financing.
There are several common types:
- Ground-up construction – building a home on owned or newly acquired land
- Tear-down / rebuild – demolishing an existing structure and building new
- Home improvement – renovating or expanding a property
- Completion financing – funding to finish a project already underway
Completion financing can be especially challenging. Many lenders are cautious due to risks like mechanics liens, where unpaid contractors can place liens that may take priority over the lender.
As a result, these loans often require specialized title coverage, and not all lenders will participate.
The key takeaway: we know how to navigate these challenges and have identified solutions — even in complex situations. You are kindly invited to click this link to my weekly YouTube video.
Warm regards,
Manny Kagan,
President,
Pacific Bay Financial Corporation
Your professional mortgage broker since 1983
