Construction Loans in the San Francisco Bay Area http://beaueckstein.com Are you building a new home in the San Francisco Bay Area or is your existing home in need of repair? If you need any type of major remodeling job, you will probably need a construction loan. If you are building a new home in California, you will almost certainly need a construction loan. We specialize in construction loans in the San Francisco Bay Area. The construction loan requirements for California vary from lender to lender. Construction loans are short term loans, usually set for as long as the construction project will take to complete. In the San Francisco Bay Area, this time period is usually about 6-12 months. To be considered for a California construction loan, the borrower will need to have an estimate of the costs of the construction project as well as the length of time needed to complete the construction. It will also be necessary to demonstrate your ability to repay the construction loan within the required term. Land or other real estate can be used as equity to determine the total amount Bay Area construction lenders will lend for your specific project. California real estate is generally the only collateral used for construction loans in the San Francisco Bay Area, but you should check with your lender if you have other assets that would be useful to the construction lender when considering your construction loan request. Credit will usually be considered, but this is not the defining factor in determining whether a California construction loan will be issued or not. Collateral and definitive means to pay the loan back are often much more important factors to the construction lender when considering your request.