Construction Loan
Ground Up
Program #LG375
Ground Up
Program #LG375
Summary of all Guidelines | |
| Loan Types | Construction Loan |
| Property Types | 2-4 Units, Condo, SFR |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $75,000 |
| Loan amount Maximum | $2,000,000 |
| Interest Rate Minimum | 11.5% |
| Interest Rate Maximum | 14.75% |
| Terms | 6 month, 1 year, 18 month, 2 year |
| Credit Score Min | 660 |
| Interest Only or Amortized | Interest Only |
| Fees | Underwriting |
| Lien Position | 1st |
| Prepayment Penalty | No Prepayment Penalty |
| Intended Occupancy | Tenant |
| Reserve Requirement | 6 months |
| Updated as of | 2023-12-11 |
These descriptions are limited information and meant for general reference purposes.
- Daniel Norris
Relationship Manager
