Call Us: 1800-960-2745

E-mail: info@serrano-capital.com

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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.

Aditional Information

At Serrano Capital, we strongly emphasize the significance of being a dependable member of our clients’ teams and assisting them in reaching their objectives.

Helpful Links

Quick Links

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