New Construction Loans

New Construction

Loan Amounts up to $2.5 Million
Funding up to:
75% of Land Value
95% of Construction Cost
75% Loan to Value

Land Must be Fully Entitled & Ready to Build

  Line of Credit (recourse)
Program Summary The new construction program is best suited for developers or investors building 1-5 properties at once.
Minimum Experience 1 flip/build in the past 2 years, or 1 active rental
Individual Loan Size $150K - $2.5MM
Line of Credit $250k - $10MM
Interest Accrual Full accrual on max loan amount
Max Loan-to-Value (LTV) 75% of After Completed Value (ARV)
Max Land Aquisition Financing (LTC) 60% (no permits) 75% (with permits in hand)
Max Construction Financing (LTC) 95% of construction budget
Borrower Type Individual, LLP, LP, Corp, or LLC
Eligible Property Types (non owner occ.) SFR, 2-4 units, Townhomes, Multi-family (5-20 units)

New Construction Transaction Example

Sample Scenario

Land Value: $100,000
Anticipated Construction Budget: $200,000
After Repair Value (completed): $350,000

Sample Terms

Land Financing Max LTV: 75% (60% without permits)
Construction Funding Max LTC: 90%
After Repair (completed) Max LTV: 75%

Initial Loan Advance for Land $75,000 ($60k if no permits)
Funds Available to Draw Throughout Construction $180,000 (construction budget * construction funding LTC factor)
Max Total LTC $255,000
Max Total LTV $262,000
Max Loan Amount $255,000 (we lend to the lesser of the Max Total LTC or Max Total LTV)

We make it simple to qualify.
Start growing your portfolio, today!