Justin D. Volentine VP. Mortgage Banking
OlympiaWest Mortgage Group, LLC. is a Commercial and Residential construction mortgage company. We are headquartered in Tyson’s Corner, Virginia, and founded in 1999. We were an “Inc 500” nominee for the top 500 fastest growing companies. Some of our niches in the construction loan market include; cross collateralization, blanket loans, and lines of credit. We take a costumer first approach and will guide you through the entire project from start to finish.
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Residential Construction:
- New Construction and Rehab’s
- Loans are approved and closed before construction begins
- No payments, until construction is complete
- Cross Collateralization and pending home sale allowed
- Flexible guidelines allowing up to 95% loan to value of builder’s plans
- Loan amounts up to 3 million
- “Big Picture” underwriting for even the toughest deals.
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Lot Loans: Obtain financing of up to 90% of the value of the finished building lots as part of a construction/permanent or stand alone purchase loans.
Blanket Loans: Our portfolio loans can be secured by more than one property, allowing you to use the equity in your current home to buy a second or vacation home. This can help avoid contingency contracts and potentially save money on mortgage insurance premiums.
Commercial Construction and Lines of Credit: Commercial non-recourse real estate loans available on all property types including construction and existing refinances. Long term and amortization schedules available with fixed rates in the 5% - 6.5% range depending on property type.
Please feel free to call or email anytime to go over your project!
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