USAFG Builder Finance also provides developed lot facilities. These facilities provide homebuilders funding for the bulk acquisition of already developed lots, upon which they can immediately begin construction. These facilities are an extension of the USAFG’s A&D lending activities in that they have the same interest rate and term structure.

• 30 day LIBOR based equivalent of Prime plus .5% to 2%

• .5 to 2% Origination Fee

• 12-24 month term

• USAFG Builder Finance will extend credit to a homebuilder for the purpose of warehousing fully developed lots to help supplement a homebuilder's inventory of lots

• May be made as separate lines of credit, or, in certain cases, may be represented as sub-limits under a development construction loan