“One-time Close” Construction Financing

Do you want to build your dream luxury real estate home? Typical construction financing requires two loans: one interim construction loan for the building of the home, and one permanent loan for the completed home. But with PMBG's 2-in-1 construction loan, you don't need to worry about obtaining two separate luxury real estate loans. PMBG has special programs we've developed for builders based on our experience serving homebuilders who build luxury real estate.
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Benefits and Features:

• Simplified builder approval, one application, one approval process and one set of closing costs.
• Close your construction loan, and secure permanent financing all in one day
• When construction is complete, you have the option to convert to several loan types
• Ability to lock interest rate up front before construction even begins
• Little out-of-pocket expense with ability to finance up to 100% of cost
• Interest-only payments during construction made from an interest-reserve account
• Rebuild, remodel, and rehabilitation
• Easy qualification (no income verification) program
• Loans up to $10 million, with higher loan amounts by exception
• Flexible draw schedules
• Credit scores as low as 620
• No pre-payment penalties

• Building homes from the ground up
• Remodeling or rehabilitating your existing home or a new home purchase
• An owner-builder, or in need of “self-build” financing
• A builder who wants to sell more homes with no contingent liability