BUILDERS: No Doc Construction Loan plus Possible Land Financing in Boston, Massachusetts For Sale
Type: Houses, For Sale - Private.
Attn Builders and Developers,
We are offering a great (private source) NO DOC/NO CREDIT REPORT construction loan program for "spec" residential construction projects.
We offer 100% financing of construction costs. Plus, LAND FINANCING MAY BE AVAILABLE - TO BE DECIDED ON A CASE BY CASE BASIS. Land financing will usually not exceed 50% of the purchase price of the land. But, a seller second mortgage can often be acceptable up to 100% CLTV of the purchase price of the land.
Please note these details:
1. Loans from $100,000 to about $2,000,000;
2. For new construction, flips, and condo conversions;
3. 12-36 month loan term, interest only monthly payments required, 4 month interest guarantee;
4. 15% with 4 pts;
5. Asset based underwriting;
6. Must be non-owner occupied;
7. Must be with a 2 hr drive of Boston; and
8. Easy, no cost submissions/reviews, rapid feedback, rapid closings of approved loans.
Please call me anytime to discuss further or to submit your new construction request for a rapid response.
Regards
Joseph Mottola
Vista Mortgage Corp.
200 Sutton St. Suite 235
No. Andover MA xxxx5
Ph 978 688 xxxx
jmottola@vistamtgcorp.com
Vista Mortgage Corp. is a mortgage broker. Restrictions apply; rates and terms can change. We arrange but do not make mortgage loans.