Ground Up Loans
Ground-up construction loans are ideal for investors and developers seeking flexible short-term financing to build new residential properties with fast draws and interest-only payments.
Program Features
Rates: Starting at 9%
Loan Amounts: $100,000—$5,000,000
Eligible Property Types:
Single-Family Residences
2—4 Unit Properties
5—10 Unit Properties
Leverage:
Up to 90% LTC
Up to 75% LTV
Loan Structure: 12-24 Month Bridge Loans
Payment Options: Interest Only
Draw Process: 48-Hour Turn Time
Origination Fee: 1-2 Points, Depending On Deal Structure
Credit Requirements: 660 Minimum Credit Score