New Construction Financing
New Construction Financing
Obtain financing for ground-up construction projects
LOAN CRITERIA
Collateral:
Non-Owner Occupied Single-Family Properties;
Condos; Townhomes
Term:
Up to 24 Months
Loan Amount:
$100k* – $2M
*Based on Max Loan Amount
LTV:
Initial Loan Amount:
Up to 75% of the As-Is Value
Maximum Loan Amount:
Up to 75% of the After-Repair Value
Up to 90% Total Loan-to-Cost
Minimum Property Value:
$175k**
**As-Completed Value
Credit Score:
650 Minimum
New Construction Financing
Fast Financing that Fits Your Real Estate Investments
LEVERAGE BASED ON EXPERIENCE
| MAX LOAN AMOUNT | MAX LOAN AMOUNT | |||
|---|---|---|---|---|
| EXPERIENCE IN THE LAST 3 YEARS*** | Maximum Loan-To-Value | Maximum Loan-To-Cost | Maximum ARV | Total Loan-To-Cost |
| Completed 0 Ground Up Construction Projects | Up to 70% of the As-Is Value | Up to 70% of the Purchase Price | Up to 65% ARV | Up to 85% Total LTC |
| Completed 1-4 Ground Up Construction Projects | Up to 75% of the As-Is Value | Up to 75% of the Purchase Price | Up to 70% ARV | Up to 85% Total LTC |
| Completed 5+ Ground Up Construction Projects | Up to 75% of the As-Is Value | Up to 80% of the Purchase Price | Up to 75% ARV | Up to 90% Total LTC |
***Must be completed ground up projects within the same state as the subject property