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Construction Loan

www.cbLoans.com is pleased to announce that effective Friday, August 31, 2018, we will be offering Jumbo One-Close Construction loan products. These products allow for payment of interest-only during construction with the note to be modified upon completion of construction to a fully amortized principal and interest payment. The construction terms include 12, 18, and 24 months. Soft costs (architectural, engineering and permit fees) may be financed, closing costs may not. Only full third party builder contracts are accepted. Teardowns and major renovations are eligible.

PRODUCTS OFFERED – Product Name Term Construction/Interest Only Period Loan Term for Registration Jumbo One-Close Construction 30-Year Fixed 12 month 30 years 12 months 372 Jumbo One-Close Construction 30-Year Fixed 18 month 30 years 18 months 378 Jumbo One-Close Construction 30-Year Fixed 24 month 30 years 24 months 384

PRIMARY RESIDENCE – CONSTRUCTION/CONSTRUCTION-PERM Property Type Maximum LTV Maximum CLTV Minimum Credit Score Maximum Loan Amount 1-Unit PUD Site Condo 85% Subordinate Financing Not Allowed 760 $1,000,000 80% 720 $1,500,000 70% 720 $3,000,000

SECOND HOME – CONSTRUCTION/CONSTRUCTION-PERM Property Type Maximum LTV Maximum CLTV Minimum Credit Score Maximum Loan Amount 1-Unit PUD Site Condo 75% Subordinate Financing Not Allowed 720 $1,000,000 70% 720 $1,500,000 65% 720 $2,000,000 50% 720 $2,500,000

Thinking about getting a Construction Loan? Get in touch with us.