Real Estate Loan Programs

NEW CONSTRUCTION

With our new construction program, you may add value to your property by building on vacant space or taking down an existing structure.

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Our New Construction Loan Program

Our New Construction loan program is a short-term line of credit used to finance the construction of a home or a major rehabilitation project. When a construction loan is taken out, the lender pays the contractor – not the borrower – as the building project progresses. The loan is either converted to permanent financing or paid in full after the building is completed.

New Construction Program Details

Interest Rate:

Rates Starts at 7.99%

Max Loan to Cost and Loan to ARV:

Up to 90% LTC and 70& ARLTV

Property Type:

Single Family and 2-4 Unit Multifamily

Build Type:

Stick or Modular Build

Loan Term:

12- 18 Month Term Available

How Interest is Charged:

Interest Charged as Drawn

Project Description:

Land Development or Knockdown Deconstruction

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Frequently Asked Questions

What is a New Construction Loan ?

This financing provides investors with the means to purchase an existing property as well as funds to construct an entirely new structure. Investors often require previous new construction experience or a recent history of fix and flips to qualify for this loan. The loan term is generally (12) months with the opportunity to extend further.

  • Ideal for New Construction or large renovation projects
  • One-Time and Two-Time Close Options
  • Extended Rate Lock Options
  • Interest -Only Payments during Construction Phase
  • In-House Draw Servicing

Like fix and flips, New Construction provides the investor an excellent opportunity to earn a great profit. once work is completed, investors have the opportunity to either sell the property or refinance the property using BRRRR Method.
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