- Loan Amount: $1,400,000.00
- Term: 11 months
Most lenders will not fund pre-starts where the borrower needs additional monies to complete a construction project. In this case the borrower also needed a construction loan to go behind an existing first loan! Herzer Financial prides itself on being able to analyze projects that go beyond cookie-cutter lending. In this case, we worked with an experienced broker who understood the qualifications of the borrower and the questions we needed answered. We love working with brokers whose goal is a success story for everyone involved. After the home was completed, the broker refinanced our loan to a permanent loan and the borrower had a beautiful new home with a great long-term loan.