 Paladin Financial,
Inc. makes almost any kind of real estate loan you can imagine.
These include fully amortizing loans of 30,20,15,10 & 7 years. Adjustable
rate loans known as 10/1; 7/1;5/1;3/1;and 1/1 ARMS. These loans start
with a fixed rate period shown as the first number; and, convert to
annually adjustable loans after the fixed rate period. When short term
rates were less than long term rates, these were popular for people
who knew that they would be transferred within a certain period of time.
During the last few years loans with interest only provisions during
the first few years became popular. We can do those loans as well. Also
during the last few years; programs offering 100% financing became popular.
We have (and can) make those loans.
Construction lending has always been a specialty that Paladin has featured.
We usually have four to five lenders who will do construction loans.
Most of these programs can be structured to be “all-in-one”
loans. Such loans do not need to be “refinanced” into permanent/amortizing
loans once the construction is complete. The interest rate is set at
the inception of the loan.
Land or lot loans can also be done for residential and commercially
zoned land.
These loans are usually 50% to 75% of the purchase price or value. The
loans are usually for a relatively short period of 2 to 5 years because
the land is bought in anticipation of development.
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