Financing Your Dream Home or Investment Property

Building a home or investment property in Los Angeles requires more than vision—it requires the right financing. Construction loans provide the capital needed to cover construction costs, but accessing this loan can be complex. At LBC Mortgage, we have experience helping clients secure construction loans that suit their unique needs. If you’re building a custom home or multi-unit building, we have the experience and support to make it easy and efficient.

Why Choose a Construction Loan in Los Angeles?

There is a competitive real estate market with healthy demand for custom homes and investment real property present in Los Angeles. You can construct a home of your preference and maximize its value using a construction loan.

Build a Custom Home

Buying a pre-built home may not provide you with the floor plan, style, or amenities you want. A construction loan enables you to design and construct a home according to your imagination, ranging from architectural types to high-end amenities.

LBC Mortgage works with experienced builders and developers across Los Angeles. We help facilitate you to obtain the correct terms of the loan and keep the funding cycle in harmony with your building schedule.

Develop an Investment Property

Los Angeles is a good real estate investment market. Constructing a multi-family home or rental property can produce good returns, but construction financing involves careful planning.

We have experience in construction loans for investment property, with competitive terms and rates. We are familiar with the local market and assist you in structuring the financing to enhance your investment returns.

Types of Construction Loans Available

LBC Mortgage offers a variety of construction loan programs to meet the needs of many different projects. Whether you’re building a single-family home or multi-unit structure, we have financing options that are right for you.

One-Time Close Construction Loans

One-time close construction loans combine the construction loan and permanent mortgage into one transaction. It’s easier and reduces closing costs since you close only once.

Two-Time Close Construction Loans

Two-time close loan involves two different closings: construction period closing and permanent mortgage closing. This option allows more flexibility regarding rates and loan terms at completion of construction.

Owner-Builder Construction Loans

In the event that you are acting as your own general contractor, then an owner-builder construction loan might just be in your interest. LBC Mortgage works with professional owner-builders to coordinate financing and meet lending requirements.

Construction-to-Permanent Loans

A construction-to-permanent loan allows you to roll your construction loan over to a permanent mortgage when the work is finished. This option provides long-term finance stability and predictable monthly payments.

Why Choose LBC Mortgage for Construction Loans

Securing a construction loan in Los Angeles requires experience, market savvy, and strong lender relationships. We possess all three at LBC Mortgage. Our construction loan experts will guide you through every step from application to final funding.

Expertise in Construction Financing

We understand the unique requirements of construction lending. Our specialists review your project, contractor, and budget to design a loan that fits you. We think ahead to potential issues and avoid costly delays or overruns.

Flexible Loan Options

No two construction projects are alike. We offer multiple loan products and terms, allowing you to customize financing to fit your project’s timeline and cost structure.

Fast and Efficient Approvals

Timing is critical when it comes to construction. Our streamlined approval process ensures you’re funded in time so your project can start as scheduled. We work directly with builders and contractors to ensure the smooth flow of things.

Competitive Rates and Terms

LBC Mortgage offers some of the most competitive terms and rates on construction loans in Los Angeles. We work with a vast array of lenders to provide you with the best available financing for your project.

The Construction Loan Application Process

Getting a construction loan is more than a standard mortgage, but we simplify it.

Prequalification and Planning

We start by reviewing your project plans, budget, and financial history. This helps us determine how much you can borrow and what type of loan is right for you.

Loan Application and Approval

After we have established the correct loan, we guide you through the application process. We gather all of the required documentation, including construction plans, builder contracts, and cost estimates. We work with the lender to get approved promptly and efficiently.

Draw Disbursement and Project Management

The funds are disbursed in phases once approved, depending on the progress of construction. We coordinate with the builder and the lender to allow timely inspections and draw disbursements.

Conversion to Permanent Loan

Once construction is complete, we help you transition to a permanent mortgage or settle the loan. If you choose a construction-to-permanent loan, your payments are converted to the permanent loan terms.

Common Challenges With Construction Loans and How We Help

Construction loans are complex compared to regular mortgages. Delays in construction, cost overruns, and disputes with contractors are some of the issues that could arise. LBC Mortgage makes such issues impossible by interfacing directly with all concerned parties.

Construction Costs Management

Cost overruns are common in construction projects. We help you create a loan with adequate buffer to cover extra spending without disrupting your budget.

Contractor and Builder Approval

Lenders require guarantees that the builder is licensed and qualified. We help you get the right paperwork and ensure that the builder will comply with all lending conditions.

Meeting Construction Milestones

Construction delays have consequences for loan terms and draw disbursements. We work with your builder to remain on schedule and keep funding on track.

Secure Your Construction Loan With LBC Mortgage

Financing your Los Angeles construction project requires the right partner. LBC Mortgage offers years of market experience, innovative loan products, and speedy approvals to help you build with confidence. If you’re building a custom residence or an investment property, we make the loan process easy and hassle-free.

Call LBC Mortgage today to discuss your construction loan options and begin building your dream property.