Construction Loan
- LG258
- LG258
Summary of all Guidelines | |
| Loan Types | Construction Loan |
| Property Types | 2-4 Units, Automotive, Bar, Condo, Daycare, Gas Station, Hotel, Industrial, Manufactured Home, Medical Office, Mobile Home Park, Modular Home, Motel, Multi Family, Office, Restaurant, Retail, Self-Storage, SFR, Shopping Center, Strip Center, Student Housing, Warehouse |
| Lendding Area | alaska, arizona, california, colorado, hawaii, idaho, nevada, oregon, utah, washington |
| Loan amount Minimum | $500,000 |
| Loan amount Maximum | $5,000,000 |
| Interest Rate Minimum | 10.5% |
| Interest Rate Maximum | 11.5% |
| Points Minimum 1st TD | 2 |
| Points Maximum 1st TD | 2.75 |
| Terms | 1 year, 2 year |
| Credit Score Min | 650 |
| Lien Position | 1st |
| Max Points Charge by Broker | No max |
| Prepayment Penalty | No Prepayment Penalty |
| Updated as of | 2024-04-19 |
| Program Code | LG258 |
These descriptions are limited information and meant for general reference purposes.
