Midland's published residential plan review target runs faster than the big-metro Texas norm: 5 to 7 business days, by the city's own number, with permit fees split 25% at submission and 75% after approval. That's real carry savings for a spec builder. Odessa runs its permits through the MGO Connect portal, but the city hasn't published a review-time or fee schedule, so we underwrite the draw schedule to what's confirmed, not what's assumed. We fund the land and the vertical build up to 70% LTV and 85% of cost, subject to underwriting.
Typical figures, subject to underwriting and market conditions. Not a commitment to lend.
We finance both the land and the vertical construction, with a draw schedule built around your timeline. Experienced builders can access higher leverage on cost.
*Typical terms, subject to underwriting and market conditions.
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