- Rate 3% for 10 years
- up to 25 year amortization
- Interest Only 1st 3 years
- No payments 3 yrs.
- $25MM minimum
- 70-80% LTV
- Term sheet in 10 days
- Funding 4-5 months
- 20% cash deposit
Construction Lending
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Dave Mac
Mr. McElroy’s success spans over three decades in real estate, mortgage banking and management. In 1985 he founded Progressive Southern Mortgage in Dallas Texas and has opened and managed branches for Wells Fargo and Countrywide Home Loans (later acquired by Bank of America).