Construction Lending

Why choose Oceana Global Wealth Partners as your home construction lender? We offer the following:

Please contact one of our experienced loan agents today to assist you with all of your construction financing needs.

Construction loans: an overview

Construction loans are financing designed to cover the costs of building or significantly renovating a home.

Short-term: typically lasts only until the home is built.
Disbursements (draws): funds are released in stages as work progresses.
Inspections: each stage is inspected before the next draw is approved.
Interest-only payments: during construction, you pay interest only on funds disbursed.
Conversion/refi: on completion, convert to a permanent mortgage or refinance.

Construction-to-Permanent (one-time close): construction + long-term mortgage in one loan and one closing.
Construction-Only (two-time close): separate construction loan, then a new permanent mortgage at completion.
Renovation Construction Loans: for major remodels on existing homes.
Lot Loans: short-term financing to purchase land for future building.
Bridge Loans: taps equity from your current home to help with down payment before selling.