Ground-Up Construction Loan
Our Construction Loans provide builders and investors the financing they need for ground-up construction and land acquisition.
Key Facts about our Ground-Up Construction Loan
- Ideal for build-ready infill, tear down, and spec homes in urban locales
- Not for tract home projects or new subdivisions (10+ homes)
- Mid-Construction financing options available
- Loans available for single family and multi-family properties
- 12 or 18 month (case-by-case) loans terms
- Foreign Nationals eligible
| | Ground-Up Construction Loan |
|---|---|
| LOAN PURPOSE | - Ground-up construction loans for developers and investors building 1-5 properties at a time - Lot financing can be included, if lots are in build-ready condition |
| LOAN AMOUNT | $50K - $5MM |
| TERM | 12 months (standard), with optional extensions |
| BORROWER TYPE | Entity required |
| MINIMUM EXPERIENCE | Minimum (2) builds and (1) rehab experience required |
| MAXIMUM LOAN-TO-VALUE (LTV) | Up to 70% LTV |
| MAXIMUM LOAN-TO-COST (LTC) COST IS PURCHASE PRICE AMOUNT | Permitted: up to 75% LTC / Unpermitted: up to 60% LTC |
| WHEN DO WE USE LTV VS LTC? | Generally, we use the lesser of LTV or LTC calculation |
| REHAB/CONSTRUCTION FINANCING | Funding up to 100% construction budget up to % Approved LTV of Total Cost |
| FOREIGN NATIONALS | Not allowed from ineligible country list |
| PROPERTY TYPES | Non-Owner Occupied: - Single Family Residences (SFR) - 2-4 unit properties - Townhomes - Condos |
Over $8 Billion in loans for Real Estate Investors
A New Construction Loan provides financing for builders looking to construct new residential properties. Our straightforward, common sense approach gets builders the financing they need to get a property ready for sale.
What Makes this Product Stand Out?
- Loans designed for developers and investors alike
- Option to include land acquisition financing
- Multiple draws available at borrower’s discretion
BEGIN TODAY BY TAKING ADVANTAGE OF A Ground-Up Construction Loan
