This post is essentially for anyone associated with the building, development, or sale of new real estate.  However, this can be very educational for those who are looking into getting started in the new construction business.  It will consist of 2 parts; the first being a general overview of how Countrywide can benefit you, the builder, and the second being specific programs Countrywide offers for you with regard to moving your inventory and reducing your carrying cost!  Enjoy!

  It is our goal in the National Builder Division to help increase and maximize your profits by accelerating the movement of your (the builders/developers) inventory.  Countrywide is America's #1 New Home Lender and overall the nation's #1 residential lender.  Our National Builder Division consists of Certified Builder Representatives, Regional Builder Managers, and Divisional Builder Managers.  All of whom are in place to ensure the highest quality of service and sales possible.   

Now, on to how I can help you out.  Various programs are in place that are utterly specific to help you protect your sales and movement of inventory.  The One Time Close (OTC), and the Builder Rate Cap (BRC) provides construction financing and permanent financing in one transaction, and protection to your pre-sold inventory from rising rates.  The forward commitment is utilized to protect planned, in-process, and/or unsold inventory for an extended period of time.

  One key feature to using Countrywide is that there is NO PRE-SALE REQUIREMENTS of condos.  This also means that there are no agency project fees.  This major benefit allows for a strong initial movement of inventory, and allows you to save on your carrying cost! 

We also have a Project Approval Service which allows you to focus on building the homes instead of the paperwork involved with the approvals.  There are no administrative fees associated with this service, and it manages and prepares the necessary documents for Fannie Mae, Freddie Mac, VA, and FHA.  This also means that you save money that you have paid to complete the condo approval; we take care of that for you!

  Here's a hypothetical question for you:  What would happen if you were to build 100 condo units and try to use anyone but Countrywide for the financing of say....50 units?  The lender would cut you off at the knees after they funded 25% of the units.  If you don't believe me, ask them!  Countrywide has waived that cap, and is able to write an unlimited percentage of units, and will be with you from the beginning of the project to the end of the project working with your sales team hand in hand (even on site). 

We use 3 specified appraisers who are familiar with the area, and will only use those 3 appraisers for the entirety of the project.  This eliminates the infamous appraisal turn-time, and streamlines our reports to make it easier for the inspection as well!

Next week will be the programs side of the National Builder Division inititiative.  Please stop in to see what Countrywide and I have to offer, or get in contact with me for any questions or comments on what you've read, heard, or seen.  I appreciate your time, and I look forward to next time!  Take care!