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    Explanation of South Carolina Building Codes Enforcement Officers

Explanation of South Carolina Building Codes Enforcement Officers

 

If you’re flipping houses in South Carolina, you’ll want to know more about the building codes enforcement officers. Here’s a quick reference guide.
Building Official
A Building Official performs tasks and inspections for the local jurisdiction’s building department. They must carry a certification as a building official (CBO).
Commercial Inspector
A Commercial Inspector performs onsite inspections in at least two construction disciplines. You know, like electrical and plumbing or building and mechanical. What they inspect is decided by the local jurisdiction that employs them. They have to have  certificates or examination records from a recognized code organization. They must actually be certified in two or more commercial inspector disciplines.
Residential Inspector
A Residential Inspector  perform onsite plumbing, building, electrical, and mechanical inspections on residential homes that are three stories or less in height. Also, the dwellings have to have 16 or less units per building. Plus, the total building has to be 5,000 square feet or less. All Residential Inspectors are been certified in the four residential inspector disciplines.
Single Discipline Inspector
A Single Discipline Inspector is just what the title sounds like. They inspect only one construction discipline. They are, of course, certified in that one discipline.
Plans Examiner
A Plans Examiner performs the building plans reviews. They are certified in the discipline of commercial building, electrical, plumbing, and mechanical plans.
Are You Looking for a Hard Money Loan to Flip a House?
Paces Funding is a Hard Money lender offering hard money loans to purchase and renovate non-owner occupied residential and commercial properties throughout the Atlanta, Nashville, Florida, North and South Carolina metropolitan areas.

Call us at 404-814-1644 or contact us online to find out whether you might qualify for this type of funding. In the meantime, check to ensure that you meet our loan criteria. Our loan amounts can be up to […]

  • the real reason banks turn down construction loans - paces funding hard money atlanta
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    The Real Reason Your Construction Loan Was Denied by a Major Lender

The Real Reason Your Construction Loan Was Denied by a Major Lender

If your bank will not approve your construction loan, you may feel as if it’s because of something you’ve done. In reality, however, you are most likely part of a growing trend. We’re going to crunch the numbers for you to identify why you are not alone, and what you can do about it.

As the reports from the FDIC show, bank-approved real estate loans in general have been on the decline for years. The third-quarter report for 2015 shows that real estate loans accounted for less than 3 percent of all bank activity – that’s not much, especially when considering construction loans accounted for over 7 percent of all bank activity in 2010, just 5 years prior.

Using the FDIC report generator, you can see for yourself that the banks made over $3 billion in profits from real estate loans in the third quarter of 2015 (the most recent report available). However, of the $3 billion, construction loans only accounted for $249,000. This number is very small to begin with, but it is down more than $100,000 from the same time 5 years ago.

Bottom line, this trend shows that construction loans are simply not making enough money for the banks to take them seriously. They are too risky of an investment for banks, and the real estate market is not strong enough to guarantee a profit for the banks if they were to seize a property. As a result, they often won’t touch these types of loans.

Instead, banks want to focus on the largest construction contracts possible so that they can minimize the risk and generate the most money at once. Fortunately, you can choose to work with a hard money lender instead of wasting […]

Introducing Paces Funding

Paces Funding is Atlanta’s largest hard money lender. We are leading the way with innovative financing solutions for real estate investors. Our staff has processed over 1,000 loans over the past decade and is excited about the new opportunities we will be providing our clients. Over the next six months, Paces Funding will be introducing new real estate financing and investment opportunities.

Contact us today to get pre-approved for a hard money loan.

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