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       Real Estate Construction Loans
Construction loan can be based on the value of the structure being built and value of the land after the improvements.


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Need a construction loan, home mortgage loan, rehab loan, mortgage refinancing or home equity loan fast?


We strive to save you time and get your construction project financed quickly.

Apply Now!



Construction Loans

A construction loan is used for any project that involves building a structure on real estate that requires permits and or blue prints prior to building. These loans can include single family houses, commercial buildings, apartments, major structural changes in a building or home, subdivisions, developments, office buildings, stores, condos, and any other commercial properties.


A construction loan is based on the finished value of the structure being built and the value of the land after improvements. We loan up to 65% of the finished value of the project based on a recent appraisal. The following items are required for a private construction loan:

  • Copy of blue prints of the structure
  • Cost break down of construction from licensed contractor
  • Copy of building permit
  • Appraisal showing finished value after construction
  • Application and file on the borrower
  • Preliminary title report on land
We are able to assist you in obtaining any of the above mentioned items. After we receive the necessary items we are able to quickly fund the loan for you.

One of the greatest benefits of a private construction loan is the ability for us to include payment reserves in the loan for you during the time of construction. As long as it falls within the 65% loan to value of the finished value we can increase the loan amount to cover the closing costs and a payment reserve to cover the payments for you. This means that there would be no payments due during the time of construction.

At the time the loan is funded any liens on the unimproved property would be paid in full. There is a construction hold back for the contractor to use in draws as the building is being constructed. The contractor requests a draw for the first 30 days of construction. After the first months work is completed we review the progress on site and the contractor then requests another draw for the next 30 days of work. This would continue until construction is complete.

Construction loans are based on the equity in the project and are not credit driven. Most clients are impressed with how easy it is to build on real estate. Improved real estate is usually much more valuable then unimproved land. Let us help you capture more equity now!

Contact us today to get started.






Private Money Loans offers many types of home loan programs including hard money loans, conventional loans, refinance loans, construction loans, rehab loans and more in most states. This is not a commitment to lend. Restrictions apply. Any terms, rates, information posted herein are estimations only.
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Smith & Jordan, Inc., 19728 SW Sandra Lane, Beaverton, OR 97006 | Tel: 503-670-9234 | Fax: 503-620-8801
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