For many buyers, the idea of building a custom home is exciting—but the financing process? Not so much.
At The Park Place Collective Group, Joe & Marni Costa offer a Construction to Permanent (C2P) loan program that simplifies financing from the ground up. Whether you're a homebuyer ready to build or a real estate agent working with clients exploring new construction, this one-loan solution helps make the process smoother, faster, and more predictable.
🧱 What Is a Construction to Permanent Loan?
Park Place Collective Construction to Permanent loan is a single financing solution that covers the cost of building a home and then automatically converts to a traditional mortgage once construction is complete.
Instead of securing a construction loan first and then applying for a new mortgage later (with another closing and another set of fees), this program consolidates everything into one loan.
💡 Why Clients & Agents Love Our C2P Program
- ✅ One Loan, One Closing: Say goodbye to multiple closings, duplicate fees, and added stress.
- ✅ Underwritten Up Front: We qualify borrowers based on the permanent financing terms from day one.
- ✅ Simplifies Long-Term Planning: Borrowers lock in their mortgage while still under construction.
🛠️ What Makes Our Program Different?
Our Construction to Permanent financing is designed for primary residences only, and follows specific guidelines to ensure a smooth process:
- 🏡 Borrower must hold title to the lot
- 📑 All construction work must be completed and paid for before closing
- 🏢 Certificate of Occupancy (CO) is required prior to loan delivery
- 🔍 Appraiser's certificate of completion and property photo must be included
- 📊 Property taxes are estimates
This is not a construction-only loan, and it doesn’t support FHA or VA financing. It’s conventional or jumbo only, depending on the buyer’s scenario.
❗ Condo Note: Only detached condos are eligible — no attached units.
👷 Who Is This Program For?
This is a perfect fit for:
- Buyers planning to build a custom or semi-custom home
- Clients who already own their lot or are purchasing it up front
- Borrowers working with licensed builders
- Real estate agents helping buyers navigate new construction projects
🚀 Ready to Get Started?
Our team walks clients through every step — from initial approval to the final walkthrough. If you're an agent with a new construction opportunity or a buyer who’s ready to build, we’d love to be your financing partner.
Reach out today to learn how Joe & Marni Costa and The Park Place Collective Group can help you build something better.
Contact Us:
📞 619-990-7552
📧 info@parkplacecollective.com
🌐 www.parkplacecollective.com
