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Ground Up Construction Loans

Multifamily 5 to 250+ units, Mixed-use and 1-4 Unit Residential

  1. $500,000 to $50 Million
  2. Nationwide: 45 states
  3. No tax returns or income verification required
  4. No upfront fees
  5. Max LTV 75%; Max LTC 85%
  6. 7.65%+ (Competitive floating rates over Libor)
  7. Interest only
  8. 600+ FICO credit
  9. Prepayment penalties: None after 3 months paid interest
  10. Liquidity reserve requirements
  11. Non recourse options
  12. Draws funded in stages
  13. Experienced builder or developer
  14. Must close title in LLC or corporation name
  15. First lien required
  16. PRE APPROVAL LOIs within 24 business hours
  17. Closings: 10 to 30 days
  18. Nationwide (45 States) in primary and secondary markets
  19. Options for foreign nationals and non-permanent resident
  20. Bankruptcy and foreclosure OK with letter of explanation
  21. No upfront fees
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