Looking for Funding for a New Construction Project?
This program offers an 18-month term and rates starting at 11.29% to make sure your project is well-funded from start to finish.
Loan Criteria
Collateral:
Non-Owner Occupied
-
Single -Family Properties
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Condos
-
Townhomes
Term:
12 - 24 Months
Minimum Property Values:
$150k
As-Completed Value
Loan Amount:
$100k* – $2M
*Based on Max Loan Amount
Rates:
Starting at 11.29%
Minimum FICO:
650
NEW CONSTRUCTION LOAN PROGRAM
ASSUMING ENTITLEMENTS, PERMITS & APPROVED PLANS
Loan amounts based upon experience. View Your Level Below.
At least one borrower or guarantor must have the number of qualifying pieces of experience as dictated below or equivalent experience in the past three (3) years and at least one (1) year in the business of acquiring real estate for investment purposes or renovating real estate.
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Final loan terms may vary based on loan types, verification of
application information, and other risk-based factors.
TIER 1
Completed 10 or More Ground Up Construction Projects
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Purchase
Initial Loan Amount
-
Maximum Loan-To-Value: Up to 75% of the As-Is Value
-
Maximum Loan-To-Cost: Up to 80% of the As-Is Value
Maximum Loan Amount
-
Maximum ARV: Up to 75% ARV
-
Total Loan-To-Cost: Up to 90% LTC
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Refinance
Initial Loan Amount
-
Maximum Loan-To-Value: Up to 75% of the As-Is Value
-
Maximum Loan-To-Cost: N/A
Maximum Loan Amount
-
Maximum ARV: Up to 75% ARV
-
Total Loan-To-Cost: Up to 90% LTC
TIER 2
Completed At Least 10 Investment Real Estate Transactions That Include Renovation
​
Purchase
Initial Loan Amount
-
Maximum Loan-To-Value: Up to 75% of the As-Is Value
-
Maximum Loan-To-Cost: Up to 75% of the As-Is Value
Maximum Loan Amount
-
Maximum ARV: Up to 70% ARV
-
Total Loan-To-Cost: Up to 85% LTC
​
Refinance
Initial Loan Amount
-
Maximum Loan-To-Value: Up to 72.5% of the As-Is Value
-
Maximum Loan-To-Cost: N/A
Maximum Loan Amount
-
Maximum ARV: Up to 70% ARV
-
Total Loan-To-Cost: Up to 85% LTC
TIER 3
Completed 3+ Investment Real Estate Transactions, At Least One Must Be Heavy Rehab
​
Purchase
Initial Loan Amount
-
Maximum Loan-To-Value: Up to 70% of the As-Is Value
-
Maximum Loan-To-Cost: Up to 72.5% of the As-Is Value
Maximum Loan Amount
-
Maximum ARV: Up to 65% ARV
-
Total Loan-To-Cost: Up to 85% LTC
​
Refinance
Initial Loan Amount
-
Maximum Loan-To-Value: Up to 67.5% of the As-Is Value
-
Maximum Loan-To-Cost: N/A
Maximum Loan Amount
-
Maximum ARV: Up to 65% ARV
-
Total Loan-To-Cost: Up to 85% LTC
TIER 4
New Customer
​
Purchase
Initial Loan Amount
-
Maximum Loan-To-Value: Up to 70% of the As-Is Value
-
Maximum Loan-To-Cost: Up to 70% of the As-Is Value
Maximum Loan Amount
-
Maximum ARV: Up to 65% ARV
-
Total Loan-To-Cost: Up to 82.5% LTC
​
Refinance
Initial Loan Amount
-
Maximum Loan-To-Value: Up to 65% of the As-Is Value
-
Maximum Loan-To-Cost: N/A
Maximum Loan Amount
-
Maximum ARV: Up to 65% ARV
-
Total Loan-To-Cost: Up to 82.5% LTC