Residential Construction Loans for Home Builders, Developers and Investors
- 7.99%+
- Interest only
- Drawn balance option (pay interest only on amount drawn instead of full loan amount; depending on your draw schedule, this may save you considerable interest expense.
- Finance up to 75% of land hard and soft costs plus 75% of construction up to 70% ARV
- Land must be fully entitled, with building permits/plans and shovel-ready.
- Construction must begin within 90 days of initial funding
- Experience owning & managing similar project(s) required
- Loan size: $500,000 to $3 Million per property up to $10 Million per guarantor or entity
- 1-4 unit residential, condos (detached/townhouse style), multifamily to 20 units per building that has its own address
- Must close title in LLC or corporation name
- Minimum interest: 6 months
- 660+ credit score
- Term: 12 to 18 months plus extensions
- Number of draws not capped; $265 fee/draw covers inspection and wire
- PRE APPROVAL LOI within 48 business hours
- Closings: 30 days
- Nationwide
- No upfront fees
To get started, please click the blue Residential Construction Loans Link for FREE PRE APPROVAL LOI within 48 business hours. With a few clicks of your mouse it TAKES LESS THAN 6 MINUTES to submit your online loan request. No credit cards, Social Security Numbers or credit checks are required.
