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Constrcustion Loan

A construction loan is a short-term loan used to finance the building of a home or a real estate project. The builder or home buyer takes out a construction loan to cover the costs of the project before obtaining long-term funding. Construction loans are designed for homeowners who want to build their home or for seasoned real estate investors or builders who build and sell real estate properties. Our construction loans are based on a case by case basis please contact us for more information.
Residential
  • Loan amounts from $75,000 to $3,000,000
  • Loan amounts up to 90% of the appraised value for loans of $548,250 or less
  • 80% for loans over $548,250 on single family, owner occupied,
  • Full income documentation
  • Land purchase may be included in the construction loan, up to 75% of the lot purchase price
  • Foreign Nationals are eligible for this program
  • Loans are available to Borrowers with excellent to less than perfect credit
  • Flexible draw schedules
  • 1 to 4 family homes
  • 12 month construction term may be exteneded to 18 month
  • Interest only payments based on funds advance
Commercial
  • Loan amounts from $100,000 to $5,000,000
  • Loan amounts up to 75% of the purchase price in improved subdivisions, where construction will begin immediately after acquisition, otherwise up to 65% of the purchase price/value, whichever is less
  • Foreign Nationals are eligible for this program
  • No minimum acreage requirement or maximum limitations
  • Loans are available to Borrowers with excellent to less than perfect credit
  • Commercial zoned land with entitlements or multi-family 5 units or more
  • Limited income documentation available at 40% loan to value or less
  • Up to 5 year terms
Address
Capital Trust Mortgage Corp.
7765 SW 87 Avenue, Suite 207
Miami, FL 33173
NMLS # 322180
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Certain restrictions applies loan programs and interest rates are subject to change without a notice. The interest rates are based on conventional loans for purchase or rate and term refinance for primary residence with loan amounts from $300,000 to $548,250, loan to value 80% and minimum credit score 780. Please call for exact rates on your loan amount. Interest rates are subject to change without notice.