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New Construction Financing
90% Loan To Cost
Lot Price + Construction Cost Combined
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Requires minimum 700+ credit with 1+ completed new construction project
within last 18 months of similar size and scope! -
Loan amount can include closing cost, lender fees and interest carry cost not to exceed
max allowed loan! -
Minimum loan $500,000.00. Maximum Loan $3,000,000.00!
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Single family, 2-4 units, condos, townhomes, multifamily 5+ units!
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12-24 Month Term Available!
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Requires last 2 years tax returns to document taxes filed. NOT FOR VERIFICATION OF INCOME!
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No prepay penalty . No interest cost on construction budget until funds drawn!
Exclusive 90% Financing
Ground Up New Construction
For Experienced Investors & Builders
85% Loan To Cost
Ground Up New Construction Financing
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Requires 3+ completed ground up new construction projects within in the last 36 months
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Max Loan Amount Cannot Exceed 85% Of Total Project Cost!
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Minimum 660+ qualifying credit score!
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Loan Amounts From $250,000.00 – $3,000,000.00!
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No Personal Income Verification!
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No Prepayment Penalty!
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12 Month Term!
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Interest Only Payment!
1st TIME INVESTOR
With No Ground Up New Construction Experience
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Loan Amount $250,000 – $3,000,000!
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Must have an experienced General Contractor with documented ground up new construction experience within the last 36 months.
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Minimum 660+ credit for single family, 2-4 units & townhomes!
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Max Loan to Cost (LTC) 80%!
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Max Loan Not To Exceed 70% of After Build Value!
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No Tax Returns!
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No Personal Income Verification!
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No Prepayment Penalty!
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12 Month Term!
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Interest Only Payment!
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Close In About 15 Business Days! ​
Investor New Construction Financing Program
Funding Available NATIONWIDE, except
AK, CA, KS, MT, ND, OR, SD, UT
*All investor loan transactions must close in the name of a business entity!
New Construction Guidelines
Qualifying Credit Criteria
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No bankruptcies in past three (3) years
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No foreclosures, short sales, or deed in lieu in past 3 years
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No prior criminal convictions at any time in the past
Qualifying Types Of Properties
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Single family, 2-4 units, condo’s, town-homes.
All Transactions Must Close In A Business Entity Name
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Funding can only be approved in a business entity name. There is no seasoning requirement on the age of the business entity. Entities include: LLC, LLP, S-Corp, C-Corp.
Construction Budget & Funds Disbursement Policy
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We do not advance construction loan funds. Construction funds are disbursed as work is completed on your project
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Construction Draw Funds are normally disbursed per agreed draw schedule within 2-3 business days after completion of inspection/validation of completed work.
Full Property Appraisal Required
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A new traditional full property appraisal is ALWAYS required for new construction projects.
Subordinate Financing
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Subordinate financing is NOT allowed, which includes 2nd mortgages and seller held financing.
Required Documents For Funding Approval
​Business Entity Borrower Only (Must close in the name of a business entity)
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Copy of Lot Purchase and Sales Agreement
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Copy of valid government issued ID for all members of the business entity.
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Articles Of Organization for LLC Or Articles Of Incorporation for a Corporation
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Operating Agreement or Corporate Charter/Bylaws
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Construction Budget
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Copy of building plans and specifications
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Copy of approved building permit
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Survey of lot/land
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Copy Of HUD Settlement Statements from acquisition and sale of previously completed ground up new construction projects.
Note: Terms are subject to change. Final terms vary depending on the property and borrowing entity