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C o n s t r u c t i o n M a r k e t p l a c e W e d n e s d a y, J a n u a r y 2 0 , 2 0 1 6 4 THE FIRST BANK SMALL HOME BUILDERS SHOULD CONSIDER An interview with Mike Maxwell, Senior Vice President and Counsel, 1st Financial Bank USA. CM: Why should businesses use 1st Financial Bank USA? MM: 1st Financial caters to small home builders building 50 or fewer homes a year. For most borrowers, we are a "first call" or "second call" lender. By that I mean, if your local bank isn't answering the call for you, we should be your next call. You might be very small, building just one house a year, and you don't want to turn to a private lender. Or you may be tapped out at your current bank. Maybe you have a great reputation, but a credit score tarnished by the economic down- turn. Or your business could be booming and you just want another lending option. If any of this hits home for you, get in touch with us. CM: What kind of loans do you offer? MM: 1st Financial offers builders, devel- opers and investors two types of loans. We offer verti- cal construc- tion financing on one- to four- unit residential spec, pre-sold and model homes, with interest rates for this program starting at 4.99 percent. We can lend up to an 80 percent LTV, although if it's your first loan with us, the maximum LTV is 65 percent. We also offer builders, developers and investors financing for fix and flip proj- ects. For these loans, we can finance up to 80 percent of the purchase costs and 100 percent of rehabilitation costs, and the current interest rate for that product is FUTUREFLASH: THE PERFECT WATERPROOFING SYSTEM Manufactured in the USA by MFM Building Products, the FutureFlash ® Waterproofing System provides new technology to battle against moisture damage around windows and doors. This combination of a tough, mechanically- attached flexible FutureFlash Waterproofing Membrane and high-per- formance FutureFlash Sealant is the key to a new level of application efficiency and protection. Recommended installa- tion is the patented Moisture Diversion Method™, which significantly reduces installation time. FutureFlash is a patented, prefabri- cated waterproofing membrane designed for use around windows, doors, under stucco and other exterior wall systems. It is composed of two high-performance films with a core of specially formulated rubberized asphalt. It is tough, self-seal- ing and flexible with great tear strength and UV stability. FutureFlash is available in both 25 mil and 40 mil thickness. FutureFlash Sealant is a high-quality polyurethane caulk that adheres to wood, vinyl and metal windows. It delivers superior attachment characteristics across a wider tempera- ture range than other competi- tive products. MFM offers a 10-year warranty w h e n FutureFlash is used in conjunction with FutureFlash Sealant. Builders can count on the FutureFlash Waterproofing System to protect against leaks and interior wall damage. Unique "weep" characteristics let structures breathe, and it's mechanical- ly attached for fast and easy installation. For complete waterproofing protection, the system self-seals around fasteners, Continued on Page 64 Continued on Page 64 AN INDEPENDENT PUBLICATION NOT AFFILIATED WITH IBS Lee M. Oser CEO and Editor-in-Chief Jules Denton Kim Forrester Associate Publishers Lorrie Baumann Editorial Director Greg Gonzales Jeanie Catron JoEllen Lowry Associate Editors André Gressieux Art Director Yasmine Brown Krystal Robles Graphic Designers Sarah Glenn Freda Epum Customer Service Managers Kim Stevens Stacy Davis Show Logistics & Distribution Marcos Morhaim Account Manager Enrico Cecchi European Sales Construction Marketplace is published by Oser Communications Group ©2016 All rights reserved. Executive and editorial offices at: 1877 N. Kolb Road, Tucson, AZ 85715 520.721.1300/Fax: 520.721.6300 www.osercommunicationsgroup.com European offices located at Lungarno Benvenuto Cellini, 11, 50125 Florence, Italy

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