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New Construction

Investor Funding

Investor New Construction Financing

$150,000.00 –  $3,000,000.00 Loan Amounts!

 
 

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  

  • No bankruptcies in past three (3) years

  • No foreclosures, short sales, or deed in lieu in past 3 years

  • No prior criminal convictions at any time in the past

Construction Budget & Funds Disbursement Policy

  • We do not advance construction loan funds.  Construction funds are disbursed as work is completed on your project

  • Construction Draw Funds are normally disbursed per agreed draw schedule within 2-3 business days after completion of inspection/validation of completed work.

Qualifying Types Of Properties 

  • Single family, 2-4 units, condo’s, town-homes.

 All Transactions Must Close In A Business Entity Name

  • 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.

Full Property Appraisal Required

  • A new traditional full property appraisal is ALWAYS required for new construction projects.

Subordinate Financing

  • 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)

  • Copy of Lot Purchase and Sales Agreement
  • Copy of valid government issued ID for all members of the business entity.
  • Articles Of Organization for LLC Or Articles Of Incorporation for a Corporation
  • Operating Agreement or Corporate Charter/Bylaws
  • Construction Budget
  • Copy of building plans and specifications
  • Copy of approved building permit
  • Survey of lot/land
  • 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

​Get Started Now! Free Pre-Qualification With No Credit Pull Required!

Low Rates – Flexible Terms – Close in 12-15 business days!

New Construction Financing

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