Project Loan
Project Loan
Unsure Whether You Qualify for a Construction Loan? Do You Have a Government Contract in the USA or Abroad? Do You Need to Finance It to Finish and Receive Payment?
World Capital Holdings, LLC has the sources for small and large loans, including infrastructure loans, projects and pre-construction loans and we have the capacity to serve you whether you’re based within the USA, Central, or South America. *Note: due to the economic and political situation, we do not source financing for the countries of Cuba, Venezuela, Nicaragua, and Argentina, among others. World Capital Holdings, LLC’s construction loans come with higher interest rates but for those with a proven track record who know what they’re doing, they can ultimately be quite profitable. Typically, construction loans are short-term loans, usually used for a period of only one year.
Refinancing the Project Loan into a Permanent Mortgage or Obtain a New Loan to Pay Off the Construction Loan
Loans Provide the Funds Necessary to Buy Land and Pay for the Materials and Labor
Simply put, construction loans provide the funds necessary to buy land and pay for the materials and labor that go into building a new building or house. However, construction loans are more complex than a typical mortgage. World Capital Holdings, LLC will inspect your architectural plans and examine your financial situation before engaging lenders. “Draws” (or what’s sometimes referred to as “installments”) are then scheduled based on the construction timeline. We’ll walk you through the entire process so that, if the lender sends an inspector to evaluate the status of construction prior to each payment, you aren’t taken by surprise. Like interest rates for other types of loans, rates on construction loans generally vary based on the borrower’s creditworthiness, the size of the loan, and the loan term .World Capital Holdings, LLC is prepared to help you secure a construction loan, whether you have good to excellent credit, enough income to pay off the loan, a low debt-to-income ratio, or a down payment of at least 20%.
What H & H Wants to Know and How We Vet Lenders:
- What Types of Construction Loans Do You Offer?
- What Interest Rates Are Available? Are They Fixed or Variable?
- Do You Charge Closing Costs or Other Fees?
- Can I Use The Equity I Have in My Land Toward a Down Payment?
- How Do You Pay Construction Draws—as a Percentage of Completion or Based on a Set Schedule?
- Can the Builder Request a First Draw (Installment) to Pay for Materials?
Contact Us
Give Us a Call or Fill Out This Form and Get Approved for a Loan Now.
At World Capital Holdings, LLC, it’s easier than you might’ve previously imagined. Reach out and get quick approval. We’ll be in contact within 24 hours!