Construction Loan
- LG288
- LG288
Summary of all Guidelines | |
| Loan Types | Construction Loan |
| Property Types | 2-4 Units, Multi Family, SFR |
| Lendding Area | california, texas, washington |
| Loan amount Minimum | $1,000,000 |
| Loan amount Maximum | $8,500,000 |
| Interest Rate Minimum | 4% |
| Terms | 6 month, 9 months, 1 year, 18 month, 2 year |
| Interest Only or Amortized | Interest Only |
| Lien Position | 1st |
| General Pricing or Guideline info | - Interest Rate: Minimum 3.99% over WSJ Prime. - Maximum LTV: 80% based on Completion Value. - Maximum LTC: 80% based on Total Project Cost. - Repayment: Interest Only (IO) - Lender Loan Fee: Varies - DSCR: Interest Reserve Available - Funding may including: Land Draw, Hard & Soft Construction Cost, Interest Reserve. |
| Updated as of | 2023-10-16 |
| Program Code | LG288 |
- Interest Rate: Minimum 3.99% over WSJ Prime.
- Maximum LTV: 80% based on Completion Value.
- Maximum LTC: 80% based on Total Project Cost.
- Repayment: Interest Only (IO)
- Lender Loans Fee: Varies
- DSCR: Interest Reserve Available
- Funding may including: Land Draw, Hard & Soft Construction Cost, Interest Reserve.
