Construction Loans
Loans for ground up construction of one or more residential properties or communities
Max LTV:
up to 75%
Max LTC:
up to 95%
Max Loan Size:
$50,000,000
Max Term (months):
24
Features & Benefits
High leverage and low rates for experienced, active borrowers keeps you liquid while minimizing costs.
Provides funding for ground up (new) construction of single family homes and communities, townhome projects, condominiums and build to rent projects. Includes both soft costs and hard costs directly related to construction. Large loan sizes for multiple properties, multi-unit buildings, and luxury product available.
Types of Property
Sigle Family Homes and Communities
Luxury Single Family Homes and Communities (up to $5 million per door)
2-4 Unit Buildings and Communities
Build to Rent Properties and Communities
Townhome Buildings, Rowhome Buildings, Townhome Communities
Small to Mid-Size Condominium Projects, Mult-Building Condominium Communities - up to 5 stories
Mixed Use Buildings
Multifamily Apartment Buildings and Projects
Purpose
Ideal for vertical, ground up construction of one or more new homes or buildings on construction ready lots
Depending on the specific lender recommended for your project, we may fund individual small loans for each lot a home will be built on, or we may finance numerous individual homes on a single, larger loan.
There are advantages and in some cases disadvantages of both, and a right lender and loan solution for nearly every situation.
