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Residential (1-9 Units) Construction Loans

Eagle Commercial Funding Capital Corporation is a Direct Private Commercial Lender in 45 States and partners with several capital providers.

No Tax Returns, Income Verification or Upfront Fees

Financing for experienced builders, rehabbers, and investors for fix-n-flip, multifamily, or construction 

Build residential properties to create value; when completed, sell for a profit or refinance for income and capital appreciation 

Fast in-house loan servicing, construction management and draws  

Nationwide (except: ND, SD, and VT) 

Urban, Suburban and rural properties 

$500,000 to $5 Million

For $500,000+ portfolio loans: $75,000 minimum loan per property (purchase price/refinance payoff + rehab = $100,000+)  

Finance up to 70% LTC; 80% Max Blended LTC to 75% ARV for experienced borrowers with verifiable track record and liquid projects; no construction experience: 70%/100% 

Terms vary with: (1) construction/rehab experience on title, bought & sold or refinanced within last 3 years, credit score and deal terms: OR: (2) Experienced developer/builder with contracts with buyers & named on CO’s and/or permits may qualify if not on title; (3) Experienced partner as co-borrower and owns small % of entity 

620+ credit (best score of all borrowers) 

Term: 12-to-18-months 

Competitive fixed rates; no interest on undrawn funds 

Rate locks – 30-day rate lock; can vary depending with loan terms

Origination: 2+ points  

Recourse and optional non-recourse    

Lot requirements: 

  • Entitled ready to build within 90-days of closing 
  • Permits before 1st draw (not at loan closing) 
  • Split and individually parceled 
  • Water/sewer/well/septic lateral ready 
  • Properly zoned at time closing  

Requires architectural drawings created and stamped by architect, showing floor plans, elevation, and square footage before closing. 

Full permit set of plans not required until first draw release. Includes items in architectural drawings, systems and structure. Permits reviewed and approved by appropriate jurisdiction.  

More information about escrows, draws, inspections, scope of work, construction budget, and client online portal available on request. 

Loan >$500,000: our attorney opinion letter signed; survey or survey exception required 

Subordinate debt with lender approval 

No prepayment or minimum interest 

Foreign nationals: lower leverage 

Liquidity: cash-to-close; reserves for monthly interest and project completion  

Appraisal <6 months old may be accepted  

Ineligible: owner-occupied, mixed-use, raw land, commercial, unique, manufactured, mobile homes, condotels, timeshares, farms, 2+ acres per property (without exception), <700- square feet per unit and illiquid luxury properties 

Ineligible projects: mixed-use, mid-rehab/construction, conversions, extensive fire or water damage 

Marginal high crime and poverty areas (ask for more information) 

Mid-construction projects and refinancing another lender (ask for more information) 

No bankruptcy, foreclosure, short-sales or deed in lieu last 3 years  

No more than 2 past due mortgage payments last 2 years  

Clean title with no Schedule B exceptions 

Appraisal >6 months old not accepted 

From initial application to final payoff, we’re here for you 

Let’s Finance Your Next Deal! 

To submit your online loan request, click the blue GET STARTED Link for PRE-APPROVAL Term Sheet within 48 business hours for qualified applicants.  

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

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