New Construction Loans

Ground-up construction financing for 1-4 units

RATES STARTING AT 10.99%*

Our Construction Loans provide builders and investors with flexible and competitive terms on 1-4 unit homes

Key Facts about our Construction Loans

Ground Up Program

Experienced Developer Program (3+ Similar Past Projects)

Maximum Loan To Cost

Up to 75% of the lower of land value or purchase price/60% if unpermitted, plus 100% of construction

Max 85% of total project costs

LTC Catch Up Draw to raise initial advance to 75% at approval of required plans/permits post-closing

Up to 75% of the lower of land value or purchase price/60% if unpermitted, plus 100% of construction

Max 90% of total project costs

LTC Catch Up Draw to raise initial advance to 75% at approval of required plans/permits post-closing

Maximum Loan To Arv

Up to 70%

Up to 70%

Min FICO

680

680

Recourse
Full Recourse
Full Recourse
Reserves/Escrows
Interest Reserve: Minimum 1 month
Interest Reserve: Minimum 1 month
Experience

Previous real estate experience required: 1-2 Ground ups

GCs if experience if permits tie to Ground ups

Guarantors with no experience permitted on a case by case basis

Previous real estate experience required: 3+ similar Ground-up builds + heavy rehabs with expansion. Professional deveopment / builder.

Guarantors with no experience permitted with experienced guarantor that meets the above experience criteria

Loan Amount

Min: $50,000
Max: $3,500,000 

Min: $50,000
Max: $3,500,000

Term Length
12 months, Up to 18 at Lender Discretion
12 months, Up to 24 at Lender Discretion
Property Count

Min: 1
Max: 2

Min: 1
Max: 10

Permitted Property Types

Eligible:
Non-owner Occupied 1-4 unit residential
Townhomes
Condos
Ineligible:
Mixed use properties
5+ unit multifamily properties
Condotels
Co-ops / TICs
Commercial Property
Log Homes
Properties Subject to Oil and/or Gas Leases
Operating Farms, Ranches, or Orchards
Vacation or Seasonal Rentals
Rural properties

Eligible:
Non-owner Occupied 1-4 unit residential
Townhomes
Condos
Ineligible:
Mixed use properties
5+ unit multifamily properties
Condotels
Co-ops / TICs
Commercial Property
Log Homes
Properties Subject to Oil and/or Gas Leases
Operating Farms, Ranches, or Orchards
Vacation or Seasonal Rentals
Rural properties

READY TO SUBMIT A LOAN?

New Construction

Why Choose Our New Construction Loan?

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