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Our highly knowledgeable staff is trained in the area of Short Term/Construction Loans, which span the duration of one year. Since these loans are funded on an "As Needed" basis through private investors, the funds are typically available within 10-15 business days. Olympic Mortgage and Investment Co., Inc. prides itself in our excellent customer service. Our goal is to provide quick and easy lending through our "no hassle" process.

Please feel free to contact our loan team directly to get your loan started today.

Construction Loan Package Click here for the Construction Loan
Package 		Construction Loan Package Click here for Draw Request Guidelines and Forms

We specialize in Construction and Land Loans
Up to 75% LTV on Future-Value • Owner Builder • Spec Homes • Stated Income
PRODUCT DETAILS
Borrower Types
  • Individuals, Corporations, LLC’s, Partnerships, Trusts, etc.
  • Spec Construction, Owner Builder, First Time Builder
  • No minimum FICO or DTI
  • Primary Underwriting is based on equity in the project
Project Types
  • New Construction
  • Mid Construction
  • Remodels
  • Land Purchase
  • Land Purchase through Final Construction
  • Land Splits/Infrastructure Development
  • Quick Short Term Bridge Loans
Line of Credit Disbursements
  • Only pay interest on funds as dispersed (not on loan amount)
  • Pay-outs can be directly to venders or subs
  • No operating capital required to float costs during construction
  • Checks available in 48 hours after request
Portfolio Lender
  • In-house underwriting and funding control
  • All loans serviced in-house
  • Money you need, when you need it
Fast Underwriting and Funding
  • Conditional approval in 48 hours
  • Funding in 10 days
Easy Application Process
  • Most loans are Stated/Stated Documentation Type

SUBMISSION REQUIREMENTS
Preliminary Review:
Final Review:
  • Broker Submit Form
  • 1003 Application
  • Appraisal
  • Credit Report
  • Preliminary Title Report
  • Cost Breakdown
  • Description of Materials

For answers to common questions, click here.

 

Copyright © 2006 Olympic Mortgage & Investment Company, Inc.
Real Estate Broker – CA Dept. of Real Estate –License #01325631
CFL: Loans made or arranged pursuant to a California Finance Lender's License