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Eagle Commercial Funding Makes Residential (1 to 9 unit) Ground Up Construction Loans Easy For Experienced Builders and Investors

Non-owner occupied single family homes, duplexes, triplexes, quads, condos and townhomes. 

No upfront fees, tax returns or income verification      

Nationwide in 44 US States in urban and suburban locations

Rates start at 10.25% on drawn balance, interest only with no prepayment or minimum interest

Interest rate locks

Fast in house loan servicing, constrution management and draws 

Finance to 75% of land value/purchase price or payoff + 100% of construction budget (to 92.5% blended LTC) to 75% ARV 

Term: 12 to 24 months   

Loan amount: $250,000 to $5+ million per property

Portfolio loan amount: $500,000 to $20 million+ ($250,000+ per property)

660+ mid-FICO credit score (620+ for experienced builders)

Origination varies

Liquidity: cash to close and interest reserves   

Non-recourse available  

First lien   

Appraisal required

Prior to closing, plans created and stamped by an architect, showing floor plans, elevation, and square footage count 

Lot requirements: 

  • Fully entitled
  • Ready to build within 90-days of funding 
  • Permits required before 1st draw (not at closing) 
  • Subdivided and individually parceled
  • Water/sewer/well/septic lateral ready 
  • Properly zoned by closing  

Borrower types: LLC or corporation  

No bankruptcy, foreclosure, short sales, or deed in lieu last 3 years; no more than 2 late mortgage payments in last 3 years  

Loan exit strategy: sell or refinance

Foreign nationals welcome 

Funding in 2 to 4 weeks     

To submit your loan request, click the blue GET STARTED Link for PRE-APPROVAL within 48 hours for qualified borrowers.  

No upfront fees, tax returns, income verification, credit cards, Social Security Numbers or credit checks required for PRE-APPROVAL Term Sheet. 

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