Construction Loan Questionnaire

Pre-Underwriting Items Required

Please complete the preliminary questionnaire form below.
When all information is completed, click “submit” at the bottom of the form.
Building Capital, Inc. will then receive an email with your project information, which will help us determine if you qualify for your construction loan.
Building Capital, Inc. will contact you upon completion of our pre-underwriting process to discuss various construction loan programs, rates, terms, etc.
Upon agreeing to select a specific construction loan, Building Capital, Inc. will initiate the formal application process.
Based upon the application being thorough, e.g., borrower information, financials, architectural plans, building & safety permits, general contractor specs, Building Capital, Inc. will officially submit the construction loan package to the Lender/Investor.
From the submission date to loan approval to funding to recording, the timeframe is approximately 45 to 60 days.

What can Building Capital, Inc. do for you?

We have 2 separate areas of available construction loan financing:

1) Mortgage Brokerage:

HOW THIS WORKS

After determining that you qualify, we aggressively "explore and succesfully place" construction loans with various Lenders/Investors, i.e., Banks, Credit Unions, Hedge Funds & Life Insurance Companies to obtain the best possible rates & terms for our borrowers.

Lender/Investor origination fees (aka "points") typically range from 0.50% to 1.00% of the construction loan amount.

In addition to the Lender/Investor fees, Building Capital, Inc.'s Mortgage Brokerage Fee typically ranges from 0.50% to 2.00%, based upon the loan amount and scope of the project.

2) Private Construction Fund:

HOW THIS WORKS

Building Capital, Inc. reviews each construction loan individually.

In the event that “traditional” Lenders/Investors utilized through the Mortgage Brokerage platform are not the right fit, we arrange Private Construction monies.

Interest rates typically range from 7.500% to 12.000% with Lender/Investor origination fees (aka "points") from 2.00% to 4.00% of the construction loan amount.

In addition to the Lender/Investor fees, Building Capital, Inc.'s Mortgage Brokerage Fee typically ranges from 0.50% to 2.00%, based upon the loan amount and scope of the project.

From the starting point of the project (breaking ground, i.e., commencing physical construction), the "Construction Time Line" usually ranges from 6 months to 24 months through full completion, after which a CERTIFICATE of OCCUPANCY is obtained.

Select Your Construction Loan Officer *

Please select a loan officer to complete your submission.

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Borrower's Credit Score (if known)

Experian

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Equifax

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TransUnion

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Are You Self-Employed?

Yes

No - If "No" please state your occupation below.

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Co-Borrower's Credit Score (if known)

Experian

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Equifax

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TransUnion

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Are You Self-Employed?

Yes

No - If "No" please state your occupation below.

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Is this your first construction loan?

Yes

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Construction Type Check all that apply:

Loan Type

New Purchase

Pre-Existing Property (Construction Needed)

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If a single family residence: DO YOU INTEND TO OCCUPY AFTER CONSTRUCTION, i.e., (Primary Residence)?

Yes

N/A

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For two or more "residential" units: DO YOU INTEND TO OCCUPY ONE OF THE UNITS, i.e., (Primary Residence)?

Yes

N/A

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Is this an investment property (NON OWNER OCCUPIED)?

Yes

N/A

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Property Type

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Loan Amount

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Regarding your Construction Loan application, have you ever had or do you currently have a: Bankruptcy, Deed in Lieu of Foreclosure, Foreclosure, Judgments, Repossessions, Charge-Offs, default on any debt, & other negative credit issues. If applicable, please explain in detail.

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