If you own a lot or a subdivision, but don’t have the funds to start construction, whether it be a custom home or a commercial building, you’ll need a construction loan to get the process going. Unfortunately, with banks tightening their purse strings following the worldwide recession, traditional construction loans can be hard to come by.
NLDS Corp. offers private construction loans, and we are looking for motivated builders to work with. Here are the top 4 reasons you should consider a private construction loan with NLDS Corp.
1. We Work With First Time Builders
For savvy and ambitious investors, the post-recession recovery was and still is a very good time to make money in real estate. With real estate prices still at relatively low levels, there is still plenty of profit to be made by buying low and selling high.
If you want to get into the game, but can’t get a traditional bank loan because you’re a first time builder, NLDS Corp. can work with you as long as you have a solid plan for completing your construction project.
2. Flexible Loan Amounts
We offer loans anywhere between $30K and $1.5M. We also consider requests for larger loans on a case-by-case basis. Whether you need just a little more cash to give your construction project some breathing room, or you need money to finance the majority of it, NLDS Corp. has a loan that will work for you.
3. Fast Closing Times
Traditional banks shuffle their loan applications back and forth among multiple departments over several weeks before your application is even approved. If you need cash to get your project off the ground fast, you may not have the option of waiting months to get a loan.
NLDS Corp. offers same day decisions and can close in as little as 7 days. With a private construction loan from NLDS Corp., you can get your project going in no time.
4. Benefits For Owning Your Lot
If you don’t own the lot, NLDS Corp. will lend up to 80% of the cost of purchasing a plot and 80% of the construction costs. But if you already own a lot free and clear, we will consider that your skin in the deal.