Construction Loans
Proper Prior Planning Prevents Poor Performance
Construction loans are often confusing and challenging, but a well planned strategy is your key to success. While a simple "cash-out" refinance may be a better option for funding improvements in some cases, today’s construction loan financing is based on the "future appraised value" of the property “as if it was built today.” Pat Townsley offers loans with multiple draw periods and simple interest loans that fund your construction costs as you build so that you're not paying interest on unused funds. Failing to plan is planning to fail! Call Pat Townsley for real world solutions in remodeling, renovations, additions and new home construction.

Representing Local and National Lenders

• 12, 18 and 24-month construction periods
• "One-time close" and best of breed loans
• Hard money and cross-collateralization loans
• Flexible draw periods
• Interest-only payment options
• Lot loans and “owner builder” spec loans
• Temp-to-perm roll-down options
• Top lenders, flexible terms
• Post-closing mortgage management