#USA #Atlanta #Construction Loan #American Pride Bank #One-Time Close

American Pride Bank Expands Construction Loan Offerings

American Pride Bank (APB) is making strides in the construction financing landscape with the enlargement of its One-Time Close Construction Loan programs tailored specifically for entrepreneurs and investors. Recognizing the unique challenges faced by these individuals, APB aims to streamline access to funds while also providing the flexibility that traditional lending institutions often overlook.

A Vision to Support Ambitious Borrowers

Founded in 2007 by first-generation Americans, APB acknowledges the significance of offering diverse financial solutions that cater to the evolving needs of today’s self-employed and ambitious investors. Their goal is clear: to help these individuals realize their dreams while building pathways toward generational wealth.

The expansion of the One-Time Close Construction Loan programs allows APB to cater to a wider array of property types, encompassing both new constructions and significant renovations of existing buildings. This versatility ensures that both personal homeowners and real estate investors can find the right financing solutions to suit their projects.

Overcoming Traditional Hurdles

Jessica Bluj, the president of APB’s Mortgage Division, articulates the bank's commitment to revolutionizing construction lending. Traditional financing can be cumbersome, often requiring numerous applications that can lead to inflated closing costs and constant anxiety over fluctuating interest rates. Bluj recalls her personal experience when she was building her own custom home, highlighting how extensive the barriers can be for those who don't immediately fit the conventional mold that lenders typically expect. "I had the assets, but the lack of a current W-2 made obtaining financing challenging. I understood that many qualified borrowers face similar obstacles, which motivated me to champion a different approach at APB, one that caters specifically to those overlooked by traditional lenders."

Comprehensive Loan Solutions for All

The One-Time Close Construction Loan programs at APB Wholesale are distinguished by their potential to bypass many of these obstacles. Supported by a dedicated construction loan department, APB Wholesale presents a broad spectrum of alternatives to enable borrowers to qualify through alternative documentation methods, including Debt Service Coverage Ratio (DSCR) and Profit and Loss statements.

What sets APB apart is their commitment to personalized service from the onset of the loan application to the final stages of the construction process. Bluj emphasizes the importance of expert guidance and transparent communication. Her team ensures borrowers feel supported throughout the journey, making the often complex transaction process much more manageable.

Building for the Future

"I am immensely proud of this product," Bluj states, reflecting her personal aspirations for what borrowers need in today's financing climate. "The flexibility and focused service we provide are exactly the tools I wished I had when maneuvering through my own building project."

For those interested in exploring APB’s One-Time Close Construction Loan programs, the bank invites mortgage professionals and brokers to discover the possibilities by visiting their website at www.apbwholesale.com. Additionally, the APB Pricer allows mortgage professionals to quickly assess potential scenarios, facilitating easy connections between brokers and the APB Wholesale team.

As American Pride Bank continues to lead as an innovator in mortgage solutions, their holistic approach toward relationship banking positions them well to serve a diverse clientele, helping them navigate their journey toward homeownership and investment success.

Contact Information

For further information, you can reach out to the Director of Marketing and Communications at American Pride Bank, Elizabeth Moraff, at 478-238-1533 or via email at [email protected].

By expanding its loan offerings, American Pride Bank is not just providing financial solutions; it is enabling dreams and building futures for countless individuals across the nation.