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Opening doors for your families future is a large step in providing security, room to grow, and a place to call home. At Pinnacle Construction Management we can help you build your dream and open doors by providing the necessary construction loan funding for your construction project.
Where to Build is an important factor to consider. When selecting your location (if you don't have your land already) remember to consider lifestyle, schools, proximity to work, accessibility to the things you love to do on the weekend. You may want to check with the local township to inquire what other building projects are being developed in your area. There are realtors who specialize in helping you find a finished lot (water/sewer and curbs already completed) or a vacant "fresh" piece of land you can develop to your own satisfaction. If you find your perfect location, but aren't quite ready to build, Pinnacle Construction Management can assist you with a short term lot loan while you plan.
What costs are involved in the construction project? Costs together make up a sworn statement or cost estimate. Some of them may include: Soft costs: Permit fees, architect fees, water tap fees, electrical run. Hard costs: Actual costs related to building materials, excavation, and foundation. Closing costs: Yes, there are closing costs!
General Parameters are as follows:
Own land
75% loan of subject to completed appraised value
Interest only on drawn funds as low as 6.5%
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