Ground Up Construction Loans
Tailored to support builders and investors, our financing solution empowers ground-up construction and land acquisition, featuring flexible underwriting and expedited closing unmatched by conventional funding options.
Ground up Construction Terms
PROPERTY TYPE
Homes with 1-4 Units ( 5 units and above on a case by case basis)
LOAN AMOUNT
100,000.00 to 3,000,000.00 ( up to 10,000,000.00 subject to longer approval time)
TYPE OF LOAN
Short Term Loan with Interest only payments with ballon payment at maturity
MAXIMUM LOAN TO COST
80%
MAXIMUM LOAN TO ARV
N/A
MAXIMUM LOAN TO VALUE
70%
TERM LENGTH
Up to 18 months + 6 months extension
BASE RATE
10.5% (Interest Only payments on disbursed amount)
MINIMUM FICO SCORE
700
PREPAYMENT PENALTIES
NO PREPAYMENT PENALTIES
FOREIGN NATIONALS
ACCEPTED + 0.25 to base rate
REQUIREMENTS
- EXPERIENCE : 2 previous projects
- Entity Documents (LLC or Corp)
- Rehab Budget
- Evidence of Insurance
- Non Owner Occupancy Certification
- SSN for credit Report and background check
Our land loans service is designed to help individuals and companies who are interested in purchasing or developing land for various purposes. We understand that land can be a valuable asset, and securing the right loan can be crucial in realizing your dreams and goals. Our team of experts is dedicated to providing you with the best possible service, offering competitive rates and terms to ensure you get the most out of your investment.
Our land loan service offers a range of options to suit your needs, whether you are looking to purchase raw land, build a new home, or develop commercial or industrial properties. Our loans are flexible and tailored to your unique circumstances, and our team will work with you every step of the way to ensure you have all the information you need to make informed decisions. With our expertise and commitment to customer satisfaction, you can be confident that you are in good hands with our land loans service.