Spec building is the new construction of a home to be sold during or after completion. Contractors, builders and/or developers who are building a home(s) without a guaranteed sale upon completion are said to be building a "Spec" home, which is short for "Speculation."
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providing construction spec loans & Pre-sold loans for new construction to small & medium sized home builders in the continental United States. 302-752-2688
The City of Oak Ridge will receive a planning and design loan in the amount of $3,288,000 to develop plans and specifications …
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Construction Loans, Remodeling Loans, Lot Purchase and Permanent Finance for Residential Builder Construction Loans. Also known as spec loans these are for speculators who plan on…
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A typical bank will often decline spec construction loans. What makes the Vanguard Hard money spec constructions loans competitive? Loan term up to 24 months.
A SPEC construction loan is an interim construction loan only, and not the permanent financing because the exit strategy is to sell the property.
Providing Construction Spec Loans & Pre-sold loans for new construction to small & medium sized home builders in the continental United States. 302-752-2688