NEW CONSTRUCTION
Exposure Limits (LOC) for multiple transactions, with options for experienced and beginner investors.
- Industry-leading rates starting at
- Funding up to
- 6.75%
- 75% of Land Value
100% of Construction
Cost 75% LTV
Exposure Limit (LOC)
Program Summary
Minimum Experience
- Individual Loan Size
- Exposure Limit Amount
- Interest Accrual
- Max Loan-to-Value (LTV)
Max Land Acquisition (LTC)
- Construction Development firm (LTC)
- Borrower Type
- Eligible Property Types
Must be non-owner occupied - Minimum Interest
- Min Credit Score Requirement
- Valuation
- Best suited for developers or investors building t – 5 properties at a time.
Scattered lots and infill projects are the primary targets for this product.
Construction must begin no more than 90 days from initial funding.
Lot Development firm can be included if lots Are el build-ready conditions. - No experience required.
Investors with zero experience may apply for a $500k max Exposure limit. - $100k – $2MM
- $500k – $10MM
- Full accrual on max loan amount
- 75% of After Completed Value (ARV)
- 60% if no permits
75% if permits in hand - up to 100% of the construction budget
- Individuals and Entities (LLC, Corporation)
- SFR, 2-4 units, Condos, Multi-family up to 20 units, Mixed-use
- 94 dayS of interest
- 620
- Ful appraisal OF land appraisal (for loans $500k)
