3 Reasons to Choose WADOT for Your Construction Loan

• Customer service and speed. If you are looking to finance a new construction project, no other hard money lender can get you capital as fast as WADOT.
• Great rates for new construction loans and no upfront costs. We can work with anyone seeking finance to understand your unique situation.
• There are no restrictions on the type of property you can finance with a one of WADOT’s construction loans. Plus all locations in Oregon, Washington, and Idaho are considered for financing, not just urban centers.

Guidelines for Construction Loans

Here at WADOT, we have no credit requirements for a loan application. We consider your construction project as a whole. As a hard money lender we are able to provide funds quickly to businesses and individuals with immediate purchase plans.

While we do require that borrowers have realistic plans for repayment, there are no income requirements for those seeking construction loans.

Best of all, unlike other financial institutions, we have no penalties for prepayment on our new construction loans.

Contact us today to learn about the other excellent contract features we offer to businesses and individuals seeking new construction loan financing. You’ll see right away why so many industry professionals come to WADOT for quick and easy new construction loans.

Understanding WADOT: A Hard Money Lender

WADOT Capital Inc. is primarily a “Loan to Value” or “LTV”-driven lender. Also known as a hard money lender, we provide financing to companies and individuals based on collateral, not credit or income.

Projected/at completion values are analyzed, but not typically used when calculating LTVs.  WADOT places significant weight in the acquisition cost of the property, plus estimated repair/completion costs, when determining the current value of the project.  These costs are generally used as the value of the collateral when calculating the LTV, making loan to cost and loan to value potentially one in the same.

Who We Finance

We salute the entrepreneurial spirit of our clients. We work with individuals and groups to develop opportunities. As a hard money lender providing new construction loans we’ve worked with Individuals, Trusts, LLCs, Corporations, Estates, and Partnerships. No matter what shape your business takes, we can help you get the financing you need to make your next project a success.

Your New Construction Loans

WADOT works with individuals and groups looking to build business properties for investment. Because we only provide new construction loans aimed at investment properties, we have advantageous financing options not offered by conventional lenders. Our hard money loans are available for all property types- residential and commercial.

We serve all of Washington, Oregon, and Idaho. Because we understand the potential of unique opportunities, property can be in any condition and still receive new construction financing.

Land Development

Contact us. Our staff will help you understand all of your financing options for new construction loans. We’ll work with you to understand your long-term business goals.

Our quick and easy financing will help you get the money you need to take advantage of time-sensitive opportunities as they present themselves.