Efficiencies in our process help builders
AIC funds construction loans across Oregon
New construction is a focus of AIC and our business-purpose loans have been streamlined to create the most efficient process possible for our builders.
AIC typically funds loans for single-family homes, multiple-unit projects (duplexes, triplexes, etc.), mixed-use commercial/residential, and commercial/industrial buildings. Many of our projects increase density in city centers in and around Portland. AIC can generally lend up to a maximum of 65% of the after-repair value (ARV), but in all cases the Borrower must have an investment in the project. New-construction loans make up approximately 40 percent of our Oregon portfolio.
No Inspection Fees
Construction funds are held by AIC in our client trust account and disbursed to you or your sub-contractors using our draw-request forms. In nearly all cases, the construction draws will be processed the same day AIC receives the request.
AIC completes all its own draw inspections and does not charge any inspection fees for draws. AIC can accommodate virtually any draw schedule and will help guide you through the process should you have any questions. New-construction loans require a line-item budget, CCB licensing, and course-of-construction insurance.