Call Us: 1800-960-2745

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NEW CONSTRUCTION LOAN

A hard money loan intended for experienced real estate investors seeking funding for ground-up construction projects.

Benefits for Borrowers

QUALIFICATION

  • 650 Minimum FICO Score
  • 2 Months of Cash Reserves
  • No Derogatory Public Records in the Past 2 Years

PRICING

  • $100,000 Minimum Loan Amount
  • $2,000,000 Maximum Loan Amount

LOAN TERMS

  • 12 to 24-Month Term
  • $150,000 Minimum Property Value

MAX LEVERAGE

  • 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

REQUIRED DOCUMENTATION

  • Loan Application
  • 2 Months of Bank Statements
  • Tax Returns
  • Corporate Documents

FEES

  • $25 Credit Check
  • Cost of an Appraisal
  • Points at Closing
  • $995 Legal Fee at Closing

ELIGIBLE PROPERTIES

  • Non-Owner Occupied Single-Family Properties
  • Townhomes
  • Condos

Quick Close

Close in 2 to 3 weeks or in as little as 10 days on repeat business.

Easy

Low documentation and simple application process.

Transparent

All fees and payments clearly disclosed.