Construction Loans

Whether you’re building a new home from the ground up, or remodeling an existing structure, Mark 1 Mortgage has your financing solution.

Mark 1 Mortgage offers Construction & Renovation Loans for the following improvements:

• Ground-Up Construction
• Room Additions
• Remodels
• Small Developments
• “Spec Financing”

Construction Loan Information:

The loan amount is based on the future appraised value and we lend to the following loan-to-values (LTV’s):

Construction Loan 1st Mortgages:

70% to $500,000

65% to $5,000,000

Construction Loan 2nd Mortgages (used for room additions & major remodels):

70% to $600,000

Renovation Loans:

Lending to 97% of the future appraised value to a maximum loan limit of $710,000.  Renovation loans are the primary source of funding for individuals would would like to remodel or add room to their existing house.

Our Funding Sources Include:

• Wholesale Partnerships with Banks
• Mortgage Funds
• Private Money (in some cases, “Hard Money”)

Call today to learn how we can help you build your dream home!