Home Builder Programs

Home Builder Programs

First Financial Bancorp has successfully worked with numerous contractors, small home builders, and large developers over the years. We may provide the land and construction loans to help the developer build their projects by providing them with mezzanine, equity, or bridge capital to better leverage the loan transactions. We have a long history of helping home builders realize their dreams or goals of building and selling out their home inventory.

In addition, we have helped provide the home buyers with more exeptional mortgage loan choices than the on-site home builder's own personal mortgage company or local affiliated bank. We may even send some of our own personnel to help the borrowers complete their loan applications as well.

With the current corrections and tightening in the capital markets, many investors in the secondary markets are not buying as many mortgage loans which were originated by the builder's personal mortgage company. As the secondary market has some concerns about the quality of these mortgage loans, First Financial Bancorp may provide your development project with another option for your potential home buyers.

First Financial still provides some some of the best leveraged second and non-owner occupied loans currently being offered in today's new lending world. In addition, many of our loan products are not sold off in the secondary market so our guidelines tend to be more aggressive than other small to large lenders.

We also offer land loans for both entitled and unentitled land up to 65% loan to value. This money is available for both residential and commercial zoned properties. We offer some of the most flexible underwriting available today for these land loan products (minimum loan amounts - $ 1 Million).

Finally, we are affiliated with hundreds or thousands of real estate investors around the nation who may have an interest in purchasing properties or land from builders. As I am a long-time contributing writer to Creative Real Estate Magazine (a national publication), I have access to hundreds of affiliated real estate investor or 1031 exchange clubs. Many of these buyers may have an interest in purchasing model homes or other unsold housing inventory.

If your development project needs alternative, extremely flexible, and affordable mortgage money, then please consider First Financial Bancorp as your develpment tract's "Plan B" for your borrower's mortgage needs. Hopefully, you may later think of us as your first choice as we continue to perform for your buyers.

We may also provide extra construction, equity, mezzanine, bridge, or land capital to help the builder continue to build as mortgage lending continues to tighten up around the country. We have the experience, the capital sources, and, most importantly, the right people to help the builder and their home buyers.

Please call or email us today for financial solutions for your development projects!!!

First Financial Bancorp - 12424 Wilshire Blvd. #630 - Los Angeles, CA 90025
Office Phone: (310) 571-3600 ext. #203 Fax: (310) 571-3610

Call or email us for information.

info@realloans.com

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