Construction Loan Details - Herzer Financial

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Herzer Financial Services, Inc. specializes in making construction loans to builders and developers who are looking to build and sell, as well as to owners building their dream home.

Unlike other private money lenders, we stage fund our construction loans so you only pay interest on the total amount funded and not the entire amount from day one.
We will lend up to 60% of the property value based upon the completion of plans and specifications. We want to see that the land is paid free and clear of any liens but we will consider subordination agreements as well as cross-collateralization of other property.

If you're builder or developer who is looking to purchase and/or complete a residential subdivision, contact us directly to discuss your scenario.

Construction Loans

For builders and developers who are looking to build and sell, as well as to owners building their dream home.

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Loan Amount
$100,000 - $2,000,000
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Term of Loan
12 - 24 months
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Interest Rate
9.95 - 10.5%
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Points
3.5
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Appraisal
Qualified appraiser
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Entities
OK
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IRAs, Self-Directed Pension Plans
OK
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Builders Control - Inspections
$995
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Loan to Value
Up to 60%

Rehab, Fix, and Flip

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Loan Amount
$500,000 - $2,000,000
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Term of Loan
12 months
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Interest Rate
9.95 - 11%
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Points
3 - 4
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Appraisal Fee
$375
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Loan to Value
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Entities
OK
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IRAs, Self-Directed Pension Plans
OK
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Prepayment Penalty
None
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Builder Control
None up to $50,000 rehab cost
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Loan to Cost
Up to 75%

Get your loan today.

If you are interested in submitting a loan application, please complete all the documents below (PDF) in their entirety and submit via email or fax (650-363-8330). Once received, we will contact you immediately to discuss your loan scenario and provide you with a list of required documentation.
Real Estate Broker — California Dept. of Real Estate
License #00417082

Loans are made or arranged pursuant to a California Finance Lender's License #6054500

Nationwide Mortgage Licensing System #314253
Broker Submission Documentation
Get the required paperwork and details if you are a broker and wish to work with us.

Get Details on Our Loans
We offer loans for a range of services or products including foreclosure, refinances, and construction.

Have a question?
Give us a call at
(650) 363-8003,
email us, or fax us: (650) 363-8330

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