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These loans are called 'One-Time Close' because it is one loan used to acquire a lot, fund construction and then automaticallly converts to a conventional loan. You do not need to worry about balloon payments or how stable the loan market will be when construction is completed!
Rehab loans are similar to the 'One-Time Close' loans but are for existing homes that need some updating or expansion.
If you are looking to purchase raw land and dont have an immediate need for funds to develop it then a Lot Loan is just what you are looking for.
We are able to offer experienced developers and contractors loans for entire subdivision projects.
Wolff Financial Services has teamed up with seasoned Joint Venture partners to help some of your larger projects get off the ground. JV partners will typically contribute funds to projects with experienced project leaders with an established track record of success.
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