Compass Bank Financing
We are pleased to announce the following enhancements to Compass Banks' financing options for the development of Robinson's Mill. We have committed to funding the developer on this project, and, therefore, we have a vested interest in making the project a success. The is sure to be a top development when you combine the track record of John Connell, his sales associates, the development team, and the strength and flexibility of Compass Bank.
Builders willing to make Compass Bank the exclusive lender for their customers purchasing in Robinson's Mill will be allowed to lock-in interest rates on “spec” homes prior to identifying a buyer.
Compass Bank offers builders and homeowners some very special benefits:
- Participation in Builders' sales effort by paying some of the closing costs under the Exclusive Lender Program.
- Builder Lines of Credit for bulk lot purchases or builders may use their existing banking relationship. Please be advised that if other financing institutions are utilized, the Compass Lock-In Program, closing costs participation, and other aspects of this offer will not apply to those lot sales.
- Special Lot Loan Programs will be available to individuals interested in purchasing lots from builders wishing to sell any excess inventory. Reduced down payments, fixed interest rates and interest-only payment offers apply.
- Compass Mortgage will allow a buyer to close on a construction-to-permanent loan to purchase a Builder spec home at any point of construction! This fantastic benefit is not likely to be found elsewhere in this market and provides tremendous benefit to the builder and homeowner.
- Compass has very competitive One Time Close construction perm loans for customers that wish to have custom homes built on Builder-owned lots.
Call me at (850) 857-5076 to learn more about this unique program and all that Compass Bank can do for you!
J.Nelson Bradshaw
City President