Construction Loan
Ground Up
Program #LG421
Ground Up
Program #LG421
![Bull Venture Capital](https://lendding.com/wp-content/uploads/2024/09/2087398000074344006_accounts_photo-150x99.png)
Summary of all Guidelines | |
Loan Types | Construction Loan |
Property Types | Condo, Multi Family, SFR |
Lendding Area | NATIONWIDE |
Loan amount Minimum | $200,000 |
Loan amount Maximum | $50,000,000 |
Interest Rate Minimum | 8.75% |
Interest Rate Maximum | 14.75% |
Points Minimum 1st TD | 1 |
Points Maximum 1st TD | 2 |
Terms | 18 month |
Typical Days Required to Fund | 11-15 Business days |
Credit Score Min | 620 |
Cross Collateralize Blanket | Yes |
Lien Position | 1st |
Prepayment Penalty | 6 months |
Intended Occupancy | Tenant, Owner Occupied Business Purpose |
Fixed or Adjustable | Fixed |
Recourse | Recourse |
Reserve Requirement | 4 months |
Updated as of | 2024-02-19 |
These descriptions are limited information and meant for general reference purposes.
- Walter Fernandez