I have a great contact for you. I have worked with them for years and they are awesome with lot and one-time close construction financing. See answer that they provided me below.
We are offering lot and one-time close construction financing at Pinnacle Bank. Our target market for these types of loans is mainly in Maricopa County but will be also look at deals in Northern Pinal County. Ideally, we are looking for owner-occupied and second home transactions and would like to see a minimum of 25% to 30% down on our lot loan products and a minimum of 20% on all one-time close construction loans. These numbers will vary depending on the borrowerâ€™s qualifications, the property, etc. Interested clients can reach me at Pinnacle Bank at 480-663-9054 (office) or 602-499-6979 (cell). Thanks and talk with you soon!
Gregory S. Thorell
Residential Lending Manager
14287 North 87th Street, Ste. #123
Scottsdale, AZ 85260
480-609 8958 fax