Bryan TrentWhat is Interest Reserve & How is it Calculated? Also, Drawn vs Gross Balance Interest CalculationDrawn Balance vs Gross Balance Interest Calculation Before we start a conversation about the Interest Reserve let's talk about a couple o...
Bryan TrentHow does credit score impact your ability to get a construction loan?While your credit score is an important factor in the construction loan approval process it is not the only thing that is considered. In ...
Bryan TrentWhy do I need a down payment and how do I calculate it?A down payment demonstrates to the lender that you are willing to share a portion of the risk associated with the loan. It adds security ...
Bryan TrentWhat is Loan to Cost (LTC) and how is it calculated?Loan to Cost (#LTC) is a ratio used in the construction lending industry to compare the loan amount for a project to the cost to build th...
Bryan TrentWhat is Loan to Value (LTV) and how is it calculated?Loan to Value (LTV) is a ratio that compares the size of the loan you intend to take out to the value of the real estate project. Underst...
Bryan TrentShould I work with directly with a Lender or through a Broker?Despite the fact that I work for Builders Capital, a direct lender, I occasionally have borrowers ask me if they should hire a broker. Wh...