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Sharestates

Construction Loan
Ground-Up Construction Loan - LG262

Sharestates

Summary of all Guidelines

Loan Types Construction Loan
Property Types 2-4 Units, Mixed use, Multi Family, SFR
Lendding Area NATIONWIDE
Loan amount Minimum $100,000
Loan amount Maximum $10,000,000
Terms 1 year, 18 month, 2 year, 3 year
Credit Score Min 680
Interest Only or Amortized Interest Only
Entities LLC - Limited Liability Corporation, LP - Limited Partnership, Corp - Corporation
Lien Position 1st
General Pricing or Guideline info - Collateral type includes portfolio. - All properties are required to have a full conforming appraisal. - Minimum Experience: 3-5 ground up projects completed. - Bankruptcy: Not within the last 4 years and no other derogatory payments. - No amortizing loan permit. - Additional Details: Approved Plans required, Vertical Construction work only and 18-month upfront term. - Liquidity Requirements: 3 months of interest payments + portion of the rehab loan not funded in the loan.
Updated as of 2023-11-10

- Collateral type includes portfolio.
- All properties are required to have a full conforming appraisal.
- Minimum Experience: 3-5 ground up projects completed.
- Bankruptcy: Not within the last 4 years and no other derogatory payments.
- No amortizing loan permit.
- Additional Details: Approved Plans required, Vertical Construction work only and 18-month upfront term.
- Liquidity Requirements: 3 months of interest payments + portion of the rehab loan not funded in the loan.

These descriptions are limited information and meant for general reference purposes.