Construction Loan
Ground-Up Construction Residential 1-4 units (GUC):
Program #LG452
Ground-Up Construction Residential 1-4 units (GUC):
Program #LG452
![Capital Three Sixty](https://lendding.com/wp-content/uploads/2024/09/2087398000060818128_accounts_photo-150x46.png)
Summary of all Guidelines | |
Loan Types | Construction Loan |
Property Types | 2-4 Units, SFR |
Lendding Area | NATIONWIDE |
Loan amount Minimum | $100,000 |
Loan amount Maximum | $3,000,000 |
Interest Rate Minimum | 11.75% |
Interest Rate Maximum | 13% |
Points Minimum 1st TD | 2 |
Points Maximum 1st TD | 2.5 |
Terms | 1 year, 18 month |
Typical Days Required to Fund | 20-30 Business days |
Credit Score Min | 680 |
Interest Only or Amortized | Interest Only |
Fees | Underwriting |
Entities | LLC - Limited Liability Corporation |
Extensions Available | Considered based on Performance |
Cross Collateralize Blanket | No |
Lien Position | 1st |
Max Points Charge by Broker | 5 |
Prepayment Penalty | No Prepayment Penalty |
Intended Occupancy | Tenant |
Fixed or Adjustable | Fixed |
Recourse | Recourse |
Reserve Requirement | 6 months |
General Pricing or Guideline info | [] Loan amounts $75k - $3m [] Minimum FICO 680 [] 12-24 Month Term | Interest Only Payments [] No tax returns required [] No Interest charged on the build portion until funds are drawn |
Updated as of | 2024-02-18 |
[] Loans amounts $75k - $3m
[] Minimum FICO 680
[] 12-24 Month Term | Interest Only Payments
[] No tax returns required
[] No Interest charged on the build portion until funds are drawn
- Jonathan Finman
Managing Partner