CONSTRUCTION LENDING
As a full-service mortgage broker, we can offer any type of real estate construction loan you may need.
Here is a sampling of what is available from the investors at Blue Bear Lending Company:
RESIDENTIAL: 1 through 4 family dwellings
- Construction loan which is paid off by a permanent loan…two transactions…Home-owner hires a licensed, bonded builder. Two sets of closing costs.
- Single loan closing construction-to-permanent…Construction loan and permanent loan are bundled into one transaction and loan closing ceremony. Home-owner hires the licensed, bonded builder. One set of closing costs…Saves money…Construction loan automatically converts to permanent loan.
- Owner-Builder loans…For the home owner who wants to build their own home, and act as own builder, instead of hiring a builder. Then the construction loan is paid off by the permanent loan.
- Builder home loans: Builders can build homes to sell…Pre-sold, custom, spec, or rental
COMMERCIAL AND INVESTMENT:
If you are a licensed, bonded contractor, or if you want to have a licensed, bonded contractor, and you want to build anything from a 5-plex to an apartment complex to a motel to a commercial office building to a shopping center, to anything else that's legal, we've got your financing available.
NOW HEAR THIS VERY IMPORTANT MESSAGE FROM THE VOICE OF EXPERIENCE!.
It's human nature, for consumers and builders, to want to know about the exact, specific interest rates and costs on loans, without yet having plans, specifications, and costs. ATTENTION! In the practice of Construction Lending, as in the practice of Medicine, prescription without diagnosis is malpractice. Therefore, at Blue Bear, we want to treat you as realistically as possible, and deal with you only in facts. Until YOU, WE, and THE INVESTOR, know what you and your project are all about, we cannot accurately quote interest rates and costs. We can have general, information-exchanging conversations and discuss generalities, but that's all. And we are more than happy to do that. Just please understand what accurate interest - rate and cost quotes entail.
While it may seem an inconvenience to you to complete a construction loan package, we know from years of construction lending experience that anything less than your providing much-needed information will not get YOU, US, or THE INVESTOR very far along in the process.
But, again, if you would just like to have an "in-general" conversation, by all means give us a shout.
Please call Carter L. Hardenbergh, Broker, at
(971) 998-7289 or e-mail him at carter@bluebearlending.com. Thank-you.