Construction loans los Angeles

1. ConstructionLoan Sunset provides construction and Rehabilitation loans to investors. These loans operate as line of credit where the borrower may access those funds for construction purposes. The caveat is that these loans are only drawn when certain portion of the project is completed as it operates for construction reimbursement. The disbursement of funds is done through a fund control toensure work has been properlyperformed. No Payment on ConstructionHoldback No payment on construction hold back is HUGE. Imaging having to pay on money that you do not haveaccessto.For instanceifyouborrow1millionforconstructionportionofyourprojectat9%, youwouldhavetopay $90,000peryearonmoniesthatyoudidnotuse.Assumingifthepurchase moneyloanistoo1million,thenyoueffectiveinterestrateis18%.AtSunsetyoudonotpayfor constructionholdback totheextendthatit’snotused. Our Experts at Sunset Equity can help fund your Construction loans. We lend Hard Moneythe Easy Way and are Los Angeles Based. Contact ustoday.;