Ground Up Construction Overview
Loan terms may vary based on
Citizenship or residency status
Experience in U.S. real estate
U.S. credit history
Property location and characteristics
Asset Types: Single Family, 2-4 unit, Condos, Town homes, Multifamily
Maximum Leverage:
Up to 90% Loan-to-Finished Cost (LTFC)
or 70% Loan-to-After-Repair Value (LTARV)
Interest Rate: Starting at 11%
Minimum Loan Amount: $100,000
Loan Terms: 12 or 18 months, with extension options available
Experience Requirement: Minimum of one completed ground-up construction project required. In some cases, first-time builders may be considered
Interest Reserve: Optional
Restrictions: Horizontal development not permitted
High Level Terms
Process
-
Submit intake form and supporting documents
2. Receive and approve funding offer
3. Complete due diligence which includes appraisal, title, and all required borrower and property documentation
4. Final underwriting and closing with title company
Typical Closing Timeline: 2-4 Weeks