Pacific capital mortgage specializes in construction loans in San Diego County.  Most, if not all, banks and mortgage companies have discontinued their construction loan programs leaving borrowers with only hard money alternatives. We are still funding construction loans in San Diego with favorable terms. If you are purchasing a lot to build or planning a major remodel we can help.  Expect to contribute approximately 25%-30% of the total of the (purchase price of property + building costs + entitlements costs).

For example:

If the lot or home costs $500,000. The cost to construct equals $400,000, and all the entitlements (permits, plans, etc..) add up to $150,000. The total = 1,050,000 of which the borrower would need to come out of pocket 25% or $262,500.

The program requires full documentation however stated may be available.

Program Details & Highlights

-Max loan amount $2,900,000

-Quick turnaround times

-Owner/builder may be ok with significant experience

-Program specific to San Diego county (working with local professionals)

-Rates in the 7% range

-Land Draws ok

Call Louis today for a quick prequalification. We look forward to hearing from you.

619-252-7588 direct

lstathakis@pcmort.com