To support growing demand, mortgage lender Click n’ Close has tripled its warehouse line capacity dedicated to its growing One-Time Close (OTC) construction-to-permanent wholesale lending business.
The expansion, supported by Merchants Bank and other warehouse partners, triples Click n’ Close’s OTC capacity and follows a record fiscal year performance, reinforcing the confidence of its capital partners in the company’s financial strength and specialized business model.
“This expansion is both a reflection of where we’ve been and a catalyst for where we’re going,” says Jeff Bode, CEO of Click n’ Close, in a release. “Our record year showed that the One-Time Close program is not only resilient in any market but also transformative for lenders and borrowers. With this additional capacity, we can accelerate that momentum, giving our partners more flexibility and borrowers more opportunities to build and finance their homes.”
Click n’ Close’s One-Time Close program simplifies the construction-to-permanent financing process by combining land, construction, and permanent mortgage financing into a single
transaction. Available across FHA, VA, USDA, and Section 184 loan types, the program is designed to make new construction more accessible – particularly for first-time buyers and borrowers in rural or underserved markets.
The program offers up to 100% loan-to-value (LTV) financing, covering land, construction and closing costs, with no down payment or minimum investment required. Borrowers may also finance the USDA Guarantee Fee up to 101 percent LTV. Other features include flexible debt-to-income ratios, eligibility for credit scores of 640 and above and no prepayment penalties. The program supports first-time homebuyers, allows seller or builder concessions of up to 6%, accepts eligible gifts for closing costs, and offers contingency account financing of up to 10%.
“Demand for our One-Time Close product continues to exceed expectations,” adds Ian Kimball, president of Click n’ Close. “By expanding our warehouse capacity, we’re ensuring our partners have the reliable liquidity and operational support needed to serve more borrowers and builders nationwide.”
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