Construction Financing
This program was created to enable real estate investors the freedom to create, build, and capitalize on the efforts of their own work. We specialize in offering true asset-based loans, on non-owner occupied residential homes, for investors who need quick & flexible funding.
How It Works
- ✔ LLC with over 20% ownership must have a median FICO score of 650
- ✔ Appraisals Required Case by Case
- ✔ No Junk Fees
- ✔ Fast Funding
Construction Financing
The investor identifies a potential investment opportunity. Construction financing is optimal for investors who purchase a lot or tear down an existing home to rebuild/construct a new home.
- ✔ Flexible Draw Schedule
- ✔ No prepayment penalty
- ✔ Interest Only Payment
- ✔ 2.5% – 3% origination points
- ✔ Max Loan Amount $2,000,000
- ✔ 12 month term
- ✔ 85% of the purchase of subject property and 100% of the construction costs
- ✔ Max ARV 75%
