Ground-up Construction
Ground-Up Construction
- Loan amounts range from $50,000 to $3.5 million
- Financing covers up to 75% of the lesser of land value or purchase price, or 60% if the property is unpermitted.
- Up to 90% of total project costs can be financed, including interest reserves.
- Offers up to 70% After-Repair Loan-to-Value (ARLTV) and 100% of construction costs.
- Loans are underwritten based on the property’s cash flow.
- Standard loan term is 12 months, with the possibility of extending up to 24 months at the lender’s discretion.
- Full recourse loans.
- Eligible property types include 1-4 unit residential properties.
- Applicable for non-owner occupied 1-4 unit residential properties, townhomes, and condos.
- Now featuring Snap Draws DIY for quicker and more convenient project reimbursements.
