|New Construction Loan|
|Interest Rate||6.99% and up|
|Loan Amount||$150K - $2.5MM|
|Term||12 months (standard), with optional extensions|
|Borrower Type||Individual, LLP, or LLC|
|Maximum Loan-to-Value (LTV)||75% of After Repair Value (ARV)|
|Maximum Loan-to-Cost (LTC)|
Cost is purchase price amount
|When do we use LTV vs LTC?||Generally, we use the lesser of LTV or LTC calculation|
|Rehab/Construction Financing||Funding up to 95% of construction budget, up to 75% of land value|
|PROPERTY TYPES||Non-Owner Occupied:|
There's nothing more exciting than building a new home to your own spec. New construction is the most rewarding investment project a seasoned real estate investor will ever undertake!
We offer several flexible new construction loans that will help you realize your dream to fruition.
Payback schedules will vary, however, the most common new construction loan is paid back over a 12-month period. We also offer up to 30-year mortgages and can execute one loan after the other, based on your investment needs.
Please Contact Us Today to learn more about our new construction loan program!