Loans for Builders or Investors who are constructing new "spec homes". 100% funding of construction costs. LTV up to 95% and rates starting at 7%. we also provide land development loans. Rates Starting @7%. LTV up to @95%.
Leave Money Problem to us.
We will handle all your money problem while you work to better you live/business. This is our main purpose
ELIGIBILITY
- Rates from 4.75% -9% (Rates and fees vary based on project Strength, experience, and LTV)
- 100% funding of construction costs up to 95% LTV
- Construction Loans up to $50 million
- 12-month term minimum
- All credit situations considered
- 1st position lending only
- No tax returns required
- No Prepayment Penalties
- No application or other junk fees
- No rural properties or properties in high crime areas
- We do finance cost of lot
Why apply for loan with us ?
Rates start at 4.75% and are based on project strength.
- Funding up to 100% (Purchase and Rehab cost inclusive)
- Loans from $50,000 to $5,000,000 (higher rates and fees may apply to loans under $1,000,000)
- Loan terms up to 36 months
- Borrowers experience and situations considered
- 1st position lending only
- No tax returns required
- No prepayment penalties
- No application or other junk fees
- Rehab Loans against investment property already owned are OK
- No rural properties or properties in high crime areas
- Non-recourse loans to Self-Directed IRAs allowed at max LTV of 60%
- LTV caps at 65% of ARV if renovation budget exceeds 65% of loan amount