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SELECTED CONSTRUCTION LENDERS


This listing of construction lenders includes lenders for commercial and residential construction projects. Building construction loans typically cover the putting up of a structure, only, unless otherwise noted. Such loans may run for about three years, or less. Construction funds are usually high cost-typically 12% interest or more.

Construction lenders are often more eager to provide a loan if the prospective borrower already owns the land on which the construction will occur. Interim financing may be useful in buying the land and then getting the desired construction financing.


INDYMAC BANK HOME CONSTRUCTION LENDING

3465 East Foothill Boulevard

Pasadena, CA 91107

1-800-HCL-LOAN (425-5626)

CTPCustomerCare@indymacbank.com

http://hcl.indymacbank.com

IndyMac Bank services $35 billion of mortgage loans and invests in single-family residential mortgage loans, mortgage-backed securities and mortgage servicing rights nationwide in the U.S.

IndyMac Bank provides home construction loans, mortgages, and related services. Types of home construction loans offered include Construction-To-Permanent Loans, Lot Loans, Remodeler Loans, Bridge Financing, and Builder Spec Loans.

"Construction-To-Permanent Loans: One loan, one closing, and one set of fees! Getting approved for a construction loan often requires applying for two loans-one for construction financing and one for permanent financing. But we offer a Construction-to-Permanent loan that combines both types of financing-taking you from groundbreaking to completion in one easy process.

Lot Loans: Select our Lot loan if you are looking to purchase a residential lot for future construction of your primary residence or second home. Then, when you are ready to build, we will help you with your Construction-To-Permanent loan.

Remodeler Loans: Designed for homeowners looking to improve a primary residence-new kitchen, bigger bathroom, room addition, and more!

Bridge Financing: Don't wait to sell your old home before building your dream home. You can access equity in your current home to use as the down payment on a Construction-To-Permanent loan.

Builder Spec Loans: Attention Builders! Finance your next project with our Speculative Construction Loan. Great service. Fast approvals. 24/7 online draw requests."

Application Information: Available from the company by mail or telephoning 1-800-425-5626.

A booklet about residential construction is available in Adobe Acrobat format on the Web at the following address:

http://hcl.indymacbank.com/autoUpdate/refGuides/ gdeThingsNeedKnow. pdf

MARATHON MANAGEMENT COMPANY, INC.

526 Kingwood Dr.

PMB 359 Kingwood, TX 77339

800-248-7241

(270) 527-0678

marathon@apex.net

http://www.churchconstruction.com/mm/

Description: Financial and management consulting firm dedicated to assisting religious organizations plan, finance, design and construct church facilities; commercial loan broker.

Services include financial consulting, capital funds, turnkey construction loan arrangements, identifying and working with lenders, and assistance with architectural services. Offices in KY1 FL, IN, and TX.

Application Information: Available from the company by request and from the Web site:

http://www.churchconstruction.com

MARK 1 MORTGAGE

411 N. Central Ave. Suite 310

Glendale, Ca. 91203

1-800-246-2468

http://www.constructionloancenter.com

New home construction loans, remodeling loans, lot loans and permanent finance for residential properties in CA, TX, OK, IA, MO, AR, LA, AL, TN, KY, OH, PA, VA1 DC, DE, CT, and MA. Minimum loan amount $85,000.

From the company's literature: "One Time Close" Construction Loans provide construction financing, Lot Purohaco and Permanent loan, all wrapped in one. Why worry about re-qualifying, re-appraisals or incur additional closing costs?"

Application Information: Available from the company by request and from Web site: http://www.constructionloancenter.com/contact _us.htm

PIONEER BANK & TRUST

P.O. Box 111 -1223 East Highland

Ponca City, Oklahoma 74602

580-762-5651

(580) 762-8964

http://www.pbtok.com

Description: Bank and trust company providing commercial real estate loans, business loans, accounts receivable financing, and equipment leasing. Operates in KS and OK.

Loan Programs: Lines of Credit provide financing up to one year for a variety of purposes, including ordinary cash flow needs. Non-Real Estate Term Loans: equipment financing up to 72 months. Commercial real estate: Term loan for refinance, purchase, expansion-amortization, up to 15 years; construction loans: terms up to 12 months; mini perms (combines construction and permanent financing); development and lots. accounts receivable financing; commercial equipment leasing (helps conserve working capital - 100% financing available for new or used equipment - variable terms - off balance sheet financing).

Application Information: Available from the company by request and from the e-mail address: ju lien@pbtok.com

PW FUNDING INC.

200 Old Country Road, Suite 580,

Mineola, NY 11501

800-566-7933

info@pwfunding.com

http://www.pwfunding.com

Description: Full service direct mortgage lender. Provides long term, fixed rate, permanent financing for a variety of income property types. Established in 1971. Operates nationwide.

The company's financing programs include Fannie Mae DUS, convertible adjustable rate mortgage, and securities financing. Financing may be used for new construction, rehabilitation, or refinance.

Application Information: Available from the company by roquoct and from tho e mail addrccc: info@pwfunding.com

RED CAPITAL GROUP

150 E Gay St, 22nd Fl.

Columbus OH 43215

614-857-1400; 800-837-5100

llmackov@redcapitalgroup.com

http://www.redcapitalgroup.com

Description: Integrated debt and equity capital provider comprised of mortgage bankers and third party asset management and mezzanine capital bankers. Specializes in multifamily housing and seniors' housing. Lending programs include second mortgages, construction financing, and tax-exempt bond financing. Formerly named Bane One Capital Funding Corp. Operates nationwide.

Red Capital Group provides construction financing for affordable housing projects nationwide through Provident Community Development Company.

Red Capital Group provides the following as an integrated financing package or on a standalone basis:

Mortgage financing, primarily through Fannie Mae DUSTM and FHA;

* Construction Loans for Low-Income Housing Tax Credit (LIHTC) projects (through Provident Community Development Company)

* Forward and Standby Commitments

* Investment banking services to fund the above loans (both tax-exempt and taxable) LIHTC Equity Funds

* Mezzanine Capital (subordinated gap and bridge financing)

* Commercial Loan Servicing

Red Capital Group companies are members of the Provident Financial Group, Inc. family of companies. Provident Financial Group is a Cincinnati-based diversified financial services organization with $17.0 billion in assets as of December 31, 2003.

Application Information: Available from the company by request and from the e-mail address:

Financing@redcapitalgroup.com

RED ROSE FINANCIAL BROKERS

1411 Eden Road,

Lancaster PA 17601-5012

(717)293-0802

(717)293-0484

info@loansbyredrose.com

www.loansbyredrose.com

Description: Financial brokerage offering construction financing, real estate loans, commercial loans, equipment purchase and leasing finance, notes, trust deeds, and contracts. Miniumum requirement for a loan: $200,000.

Application Information: Available from the company by request and from the e-mail address:

info@loansbyredrose.com

REHABHOME.COM

P.O. Box 25

Naugatuck, CT 06770

Email, info@rehabhome.com

http://www.rehabhome.com

Description: RehabHome.com is an online service of RehabHome LLC, a consumer information company focused in the home renovation, new home construction and construction mortgage loan industries. RehabHome.com provides information and resources to homeowners who are interested in purchasing and renovating a home, remodeling an existing home or building a new home. The site outlines significant differences between traditional mortgage and construction mortgage financing. . . upon request, RehabHome.com will connect you with a Construction Loan Specialist who can assist and guide you through the process.

New construction loan types include Single-close Construction-to-Permanent loan (CTP), Double-close Construction-to-Permanent loan (CTP), Traditional Construction "end loan", Bridge and Lot loans.

Application Information: Available from the company by request and from Web site:

https://www. rehabhome.com/contact.htm

SMALL BUSINESS LOAN SOURCE, INC

9801 WestheimerRd., 11th Floor

Houston, TX 77042

800-457-4307, ext. 120

sblsinfo@sbls.com

http://www. sbls. com

Description: Direct non-bank lender specializing in commercial real estate lending and small business loans. Operates nationwide.

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