Construction Loans
Property Types:
- Single Family Residential
- 1 – 4 unit Residential
- 5+ Units
- Office
- Retail
- Industrial
- Mixed-use, and all types of other Commercial Properties
Loan Amounts
- Minimum loan amount of $250,000 to $75,000,000
Term
- 12, 18, & 24 month terms.
Prepayment Penalty
- Typically not applicable
Credit Score
- Minimum 620
Lien Position
- 1st Position Trust Deeds / Mortgages only
Lending area
- Multi State Nationwide
Recourse
- Recourse and Non-recourse considered
Key Features
- Broken Construction
- Land Development and Construction
- Large Rehab
The Most Common Ground Up Construction Loans
Construction Loans
The loan takes you from acquisition to completion.
Construction-to-permanent loans
These loans provide funds to build your dwelling and for your permanent mortgage as well. This can only be acquired through banks and other traditional financial institutions.
Frequently Asked Questions
Is an appraisal needed?
Licensed appraisers estimate a home’s value. They do this by assigning value to the plot of land on which the building is to be built, of the property that is to be refurbished and then comparing it to comparable properties. The properties used for comparison are referred to as “comps” and they inform the perceived value of your property.
Is experience needed?
Yes, you would need to show the projects that you have done that are similar and recent, or some kind of experience that is commensurate to the project that you are looking to do.
Years in Business
Billion Dollars Funded
Closed Loans
Years in Business
Billion Dollars Funded
Closed Loans
Your financial journey starts today
Let us help you get there.