The following financing program has been developed exclusively for Tuscany Ridge buyers by Central Carolina Bank (CCB). A 100 year old local bank, CCB was founded in Durham in 1903, operates 260 branches in the Carolinas, and is part of a $20 billion asset banking franchise.

Construction-to-Permanent Financing Program:

• During Construction Period:
  • Up to 90% loan-to-value financed during construction for qualified buyers
    (95% LTV may be possible)
  • Interest-only payments at prime +1%)
• During Permanent financing period:
  • Fixed rates are available with 30 or 15 year amortization. Variable rate products are available on a 30 year amortization.
  • Rate protection - Maximum rate on a permanent loan is established upfront with a one-time float down option to the current market rate when construction is within 45 days from completion. If interest rates are higher than the maximum rate at the time of completion, then the interest rate will not exceed the established maximum rate.
• One closing upfront.
• Rebate for any origination fees on the lot purchase if CCB used to finance lot before working out the Construction-to-Permanent financing.
• Invited to participate in CCB's Group Banking program, which offers many preferred banking benefits such as no minimum, no maintenance checking, home equity loans up to 110%, access to Private Banking and Wealth Management services, etc.
• 0.75% origination fee (1% minus 0.25% from joining Group Banking)

Contact Allison Franklin at 919-563-9001 to arrange financing

Lot Financing Program:

• Up to 100% loan-to-value for qualified buyers
• Interest only for up to 3 years
• Up to 25 years amortization with a 3-year balloon
• Variable Interest Rates: Prime minus 0.5%
• Fixed interest rates: 1-year = Prime. 2-years=Prime+1%. 3-years=Prime+1.5%
• Minimum fee of ½% or no fee with rate adjustments as follows: 1-year=plus 0.5%, 2-3 years=plus 0.25%

Contact Rodney Clapp, 336-229-3031 to arrange financing

Program is subject to change at any time at the discretion of CCB. Financing decision is based on borrowers qualifications and not guaranteed. CCB is an Equal Housing Lender and Member FDIC.

The information provided herein is strictly for general informational purposes and not an obligation, commitment, or agreement. Buyer must work directly with CCB to determine qualification status and actual loan terms. Red Zin Development, LLC, its agents, and employees do not imply or expressly guarantee or warranty any aspect of the financing program or information provided herein. CCB indemnifies and releases Red Zin Development, LLC from any damages associated with the financing program or representation thereof.