Invest in New Construction
Invest in New Construction with Lantrip Developments.
- First position mortgage only
- 9-12% interest; 3 points origination ($3,000 minimum)
- Interest only payments with a 24 month balloon; 0% pre-payment penalty
- Deferred Interest Payment option available.
- Must have a minimum of 20% of project cost (land & building cost)
- Appraisal / Survey required on all property.
- Loans from $50,000 to $3,000,000
- Builders risk and/or hazard policy naming you the investor.
- Licensed G.C on staff
- All mortgage reserves held in Escrow and released according to draw schedules & Inspections.
- In-House Realty, Mortgage & Title Services
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Contact Us Today: (352) 434-2562