New Construction

Ground-up Construction Loans are specialized financing solutions designed for real estate investors seeking rapid access to capital for the acquisition and development of a property. This loan program is available for single-family residential properties, townhomes, and 2-4 unit developments.

Who is it for?

This product would be for home builders who are seeking to benefit from competitive interest rates, flexible terms, and quick approval processes. Also for investors who are looking to ensure a true partnership with a lender with a deep understanding of the real estate market and comprehends the unique challenges investors encounter when securing financing. If this sounds like you then you need not look any further. We will collaborate with you to grasp your project's objectives and create a tailored lending solution to meet your specific requirements.

If you identify with any of the investor profiles mentioned above, we encourage you to submit your pre-approval application today, and our team will promptly reach out to you to discuss your financing needs.

Apply Now!

	Rates & Terms
Loan Amount	Up to 75% of Loan to Cost (Improved Land + Construction) l. Up to 100% of Build costs.
Origination Fee (Points)	0% to 5% of loan amount (payable at closing).
Interest Rate	9.99% to 15.99% interest-only monthly payments.
Pre-Payment Penalty	None after 90 days. 1% if prior to 90 days.
Term	15 - months (1% fee per 3-month extension).
Time to Fund	As little as 21 days.
Income Verification	"No Income" options available.

Qualifications & Requirements
580 + Credit Score. No Income options available.
Liquid Reserves (cash, stocks, bonds, money market) must equal at least 4% of the loan amount. Seasoned for two months.
Two Years Tax Returns.
Completed Loan Application.
$575 Processing Fee.
$60 Wire/Courier Fee
Personal Guarantee worth at least 30% of the loan amount.
Borrower must have Debt to Capital ratio less then 90% (As calculated by Total Debts/Total Asset Value).