Liberty Mortgage
4415 West Harrison Suite 326 Hillside, IL 60162
Phone: 773-677-6460 Fax: 773-439-2450 Email: libmtg2@gmail.com NMLS 1807234
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Rep:……….Mike Urban
Phone:…...949-441- 2200
Email:……mike.urban@calcap.com
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Construction Loans for:
* Land acquisition with ground up construction for projects in shovel ready/RTI status
* Property acquisition for tear down and ground up construction
* Existing land/lot equity and ground up construction
* Refinance existing ground up mid-construction (broken priority)
* Accessory Dwelling Units (ADU) for existing investment properties
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Each project is priced and evaluated based on its merits and borrower credentials, generally we offer
the following:
* 12-18 month terms
* Interest only payment (financed into loan when allowable per guidelines)
* Interest paid on outstanding balance for most loans – subject to review
* Purchase, refinance
* Loans from $250,000 to $5,000,000
* No prepayment penalty
* Up to 85% LTC
* Up to 70% LTV-ARV680+ credit score (mid)
* 3 ground up construction projects completed for experience – must have been on title