LOAN PURPOSE
Ground-up construction loans for developers and investors building 1-5 properties at a time
Lot financing can be included, if lots are in build-ready condition
Program includes exposure line of credit for experienced large volume investors, or single loan option
INTEREST RATE
6.99% and up
LOAN AMOUNT
$150K - $2.5MM
TERM
12 months (standard), with optional extensions
BORROWER TYPE
Individual, LLP, or LLC
MAXIMUM LOAN-TO-VALUE (LTV)
75% of ARV
MAXIMUM LOAN-TO-COST (LTC)
COST IS PURCHASE PRICE AMOUNT
95%
WHEN DO WE USE LTV VS LTC?
Generally, we use the lesser of LTV or LTC calculation
REHAB/CONSTRUCTION FINANCING
Funding up to 95% of construction budget, up to 75% of land value
PROPERTY TYPES Non-Owner Occupied:
Single Family Residences (SFR)
2-4 unit properties
Townhomes
Multi-family 5-20 unit properties