(C) Equity Capital Resources
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Our lenders do not set you up to fail. Although they generally do not check your bank statements or any other financial document, they do want to see that you have a 680 credit score. If you are not able to sell the house as fast as you would like then you will need another exit strategy. If you have a 680 mid score, you will have greater odds of refinancing the home.
If your credit score is less than a 680 mid score, we will require you to have an end loan or "take-out" loan in place prior to funding the construction loan.
The loan will be placed in your personal name but you can transfer the deed to your company name when refinancing.
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