Construction Loan
Ground Up
Program #LG375
Ground Up
Program #LG375
![American Heritage Lending](https://lendding.com/wp-content/uploads/2024/09/2087398000016376004_accounts_photo.jpg)
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