Construction Loan
Ground Up Construction Loan - LG357
Ground Up Construction Loan - LG357
Summary of all Guidelines | |
| Loan Types | Construction Loan |
| Property Types | Mixed use, Multi Family, SFR |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $500,000 |
| Loan amount Maximum | $150,000,000 |
| Interest Rate Minimum | 9.5% |
| Points Minimum 1st TD | 1.5 |
| Terms | 6 month, 1 year, 2 year, 3 year |
| Typical Days Required to Fund | 20-30 Business days |
| Credit Score Min | 660 |
| Interest Only or Amortized | Interest Only |
| Entities | Corp - Corporation, LLC - Limited Liability Corporation, Partnership, LP - Limited Partnership, Foreign Nationals |
| Lien Position | 1st |
| Prepayment Penalty | No Prepayment Penalty |
| Intended Occupancy | Tenant, Owner Occupied Primary Residence |
| General Pricing or Guideline info | Program Overview •Loan Amount: $500,000 - $150 Million •Term Length: 6 - 36 months •Max LTV: Up to 75% •Max LTC: Up to 80% •Amortization: Interest only •Interest Rate: Starting at 9.49% •Closing Time: 17 Days •Loan Use: Purchase, refinance, cash-out, Construction on Entitled or Shovel Ready Land Ground Up Construction Loan Program A "Ground Up Construction" loan program is designed to provide a streamlined financing solution to build single family, multi-family, and mixed use projects which are entitled or shovel ready. A Ground Up Construction loan is a great fit in the following situations: For an experienced builder or developer who is looking to capitalize on a new project without waiting on bank financing A contractor who owns entitled or shovel ready land but needs the financing to get the project started A fix & flip project that has extensive rehab requiring vertical additions or significant horizontal additions to the property At Capital Funding Financial, our Ground Up Construction loans close very quickly... in as little as 17 days at rates starting at 9.49%!! Our construction loans require very little documentation instead the underwriting is primarily based on the risk of the project itself! Our Ground Up Construction loans are a great way to acquire property to build a single family spec home or multi-family development. Our ground up construction program provides you with the ability to close quickly by using a reliable & experienced lender as your financing partner. |
| Updated as of | 2023-11-21 |
| Program Code | LG357 |
Program Overview
•Loans Amount: $500,000 - $150 Million
•Term Length: 6 - 36 months
•Max LTV: Up to 75%
•Max LTC: Up to 80%
•Amortization: Interest only
•Interest Rate: Starting at 9.49%
•Closing Time: 17 Days
•Loans Use: Purchase, refinance, cash-out,
Construction on Entitled or Shovel Ready Land
Ground Up
Construction Loans Program
A "Ground Up Construction" loan program is designed to provide a streamlined financing solution to build single family, multi-family, and mixed use projects which are entitled or shovel ready. A Ground Up Construction loan is a great fit in the following situations:
For an experienced builder or developer who is looking to capitalize on a new project without waiting on bank financing
A contractor who owns entitled or shovel ready land but needs the financing to get the project started
A fix & flip project that has extensive rehab requiring vertical additions or significant horizontal additions to the property
At Capital Funding Financial, our Ground Up Construction loans close very quickly... in as little as 17 days at rates starting at 9.49%!! Our construction loans require very little documentation instead the underwriting is primarily based on the risk of the project itself! Our Ground Up Construction loans are a great way to acquire property to build a single family spec home or multi-family development. Our ground up construction program provides you with the ability to close quickly by using a reliable & experienced lender as your financing partner.
