Question 1

How does a construction loan work in Seaside?

Accepted Answer

Funds are released in draws as each build phase completes. After construction, the loan converts to a permanent mortgage.

Question 2

Do I pay full mortgage payments during construction?

Accepted Answer

No. Most construction loans are interest-only during the build. Full payments start after conversion to permanent financing.

Question 3

How long does construction loan approval take?

Accepted Answer

Expect 30-60 days. Monterey County permitting delays can extend your overall timeline beyond the loan approval itself.

Question 4

Can I use a construction loan to renovate in Seaside?

Accepted Answer

Yes, for major renovations. Minor updates don't qualify — lenders want structural or significant scope improvements.

Question 5

What if my build goes over budget?

Accepted Answer

You'll need to cover overruns out of pocket or renegotiate with your lender. Most lenders won't increase loan amounts mid-build.

Question 6

Does SRK CAPITAL offer construction loans in Monterey County?

Accepted Answer

Yes. SRK CAPITAL works with wholesale lenders who actively fund construction projects in Seaside and across Monterey County.

Construction Loans in Seaside, CA — Build What You Can't Buy