Have you always wanted to build a house but don’t know how to pay for it? Our company, 2nd Lien Loans, has been around since 2009, and we are experts at personalizing construction financing loans to each individual client. Our goal is to make getting financing easier for you so you can focus on what’s important: making your idea come true.

What is Construction Financing?

In order to pay for the costs of building or remodeling a house, construction financing is a special kind of loan. Construction financing, on the other hand, is usually given to you in stages that match the growth of your project. If you need help getting the money you need for a new construction job or a major renovation, our team at 2nd Lien Loans is here to help.

Our all inclusive Construction Financing Services

1. Construction Loan Acquisition

Our primary service is facilitating construction loan acquisition, which provides the capital needed for new builds or major renovations. We offer flexible loan options to suit your project size and scope, ensuring you have the funds necessary to keep your project on track.

2. Home construction Finance

Transform your existing space with our “financing new home construction” services. We provide funds specifically for home or commercial property upgrades, ensuring that you can achieve your renovation goals without financial stress.

3. Land Acquisition Loans

Purchasing land for development? Our land acquisition loans are designed to help you acquire the perfect location for your construction project. We provide financing solutions that cover the cost of land, so you can secure your ideal site.

4. Construction-to-Permanent Loans

Simplify your financing with our construction-to-permanent loans. These loans convert from a construction loan to a permanent mortgage upon completion of your project, streamlining the process and reducing the need for multiple applications.

5. Bridge Loans

For those needing temporary financing, our bridge loans offer a short-term solution that bridges the gap between the need for immediate funds and the availability of long-term financing. Perfect for ongoing projects or urgent needs.

6. Interest-Only Construction Loans

Manage your cash flow with our interest-only construction loans. This option allows you to make only interest payments during the construction phase, easing your financial burden until your project is complete.

What sets  2nd Lien Loans apart?

Compared to other construction finance companies, Choosing 2nd Lien Loans means partnering with a team committed to your project’s success. Those seeking for “construction financing near me” can come to us as we offer personalized service, competitive rates, and a deep understanding of the construction financing landscape. Our goal is to provide clear, accessible financing solutions that support your vision and facilitate your project’s completion.

Frequently Asked Questions

What is the difference between a construction loan and a traditional mortgage?

A construction loan is specifically designed for funding the costs associated with building or renovating a property. It is disbursed in stages as the project progresses, while a traditional mortgage is typically used for purchasing an existing property and is paid off over a longer term.

How do construction-to-permanent loans work?

Construction-to-permanent loans start as a construction loan, funding the building process. Once the construction is complete, the loan converts into a permanent mortgage with a long-term repayment schedule, simplifying the financing process and eliminating the need for a second loan.