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Site Aquisition Land Development Loans
Financing is available for both land acquisition and infrastructure development for residential sub-divisions. Our experienced team is well versed in the structuring of development loans and our one closing option is sure to save you money and valuable time.
Revolving Construction Line of Credit
Mansfield’s Revolving Construction Line of Credit is specifically designed to make life easier for builders. Features include a single closing, which encompasses all lots within the subdivision. (One closing eliminates the need for additional legal and recording fees.) In addition, financing of home construction under this line of credit allows for the convenient disbursement of construction funds to the builder based on a predetermined schedule. The construction line is set up to accommodate the builder’s inventory schedule. The borrower guided by an experienced real estate lender, determines the number of homes to be built under the line of credit, both for speculation and as pre-sales.
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