CONSTRUCTION FUNDING FOR FACTORY BUILT HomeS
We provide A FASTER and more AFFORDABLE source of funding for your building project than a traditional Construction loan.
We provide A FASTER and more AFFORDABLE source of funding for your building project than a traditional Construction loan.
From breaking ground to moving in. We directly manage the funding for your manufactured home project. This ensures you have the stability to finish the project without interruption. Our flexible loan terms allow you to stay focused on what you do best, managing the project.
Traditional banks can have inflexible and outdated ways to measure your debt-to-income and credit score. This leads to many customers believing they can't finance their new Mobile Home. Not true! Contact us to see how we can help.
Paying for inventory on a Manufactured Home lot can be a significant barrier to starting a Mobile Home Dealership. We have programs that allows for mutually beneficial funding of your lot models, allowing you to start and stay in business.
How do we offer MH loans when other banks cannot? We have carved out a niche in loaning on Manufactured Homes because of our unique approach to lending. Typically, customers will come to us with lacking credit / income but with valuable and illiquid property. We start the process by having them sign a "quitclaim" deed for their land.
We then fund both the Manufactured Home and the property improvements upon the legal agreement that it will be sold back to the original customer when the project is finished. Vacant land with no utilities makes for a hard sell when trying to obtain a loan from a bank. However, when we finish installing your home it is much easier for a bank to appraise the home and give a requisite loan. This loan is inherited by the customer, and they now have a brand new mobile home to live in!
Using C2B bypasses the tedious requirements of the typical construction lender. The overall approval process is easier. You can start building immediately, knowing that funding will be a lot faster and simpler with C2B.
1. Have a minimum of $20,000 Land equity
2. Have an underwritten ‘end’ loan in place.
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