Residential Construction Loans for Developers and Investors…
6.75% on drawn balance
No tax returns, 4506T or income verification
Interest only
Finance up to 75% of land cost plus 90% of construction up to 75% ARV
Land must be fully entitled, with building permits/plans and shovel-ready.
For scattered lots & infill projects; limit number of houses financed within the same development to five at a time
Construction must begin within 90 days of initial funding
No experience required with GC up to $500,000 loan amount
Loan size: $250,000 to $2 Million per project
$500,000 to $10 Million revolving LOC; speed and simplicity; once approved, LOC provides a streamlined lending process to acquire and renovate multiple properties faster, without borrower review each time you acquire a property. Once approved, only need appraisal, inspection, title and insurance to fund another property on your LOC.
One time lender $750 LOC fee
1-4 unit residential, condos (detached/townhouse style), multifamily to 20 units per building with own address
Must close title in LLC or corporation name
Minimum interest: 3 months
640+ credit score
Term: 12 months plus extensions
Number of draws not capped; $145 fee/draw covers inspection and wire
PRE APPROVAL in 24 hours
Closings: 15 to 30 days
Nationwide (45 States)
Options for foreign nationals and non-permanent residents
