Construction Loan
Ground Up Construction
Program #LG543
Ground Up Construction
Program #LG543
Summary of all Guidelines | |
| Loan Types | Construction Loan |
| Property Types | 2-4 Units, SFR |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $50,000 |
| Loan amount Maximum | $5,000,000 |
| Interest Rate Minimum | 11% |
| Points Minimum 1st TD | 1 |
| Terms | 1 year, 18 month |
| Credit Score Min | 660 |
| Interest Only or Amortized | Interest Only |
| Fees | Underwriting |
| Entities | Corp - Corporation, Foreign National, LLC - Limited Liability Corporation |
| Cross Collateralize Blanket | Yes |
| Lien Position | 1st |
| Max Points Charge by Broker | 2 |
| Intended Occupancy | Tenant, Vacant |
| Fixed or Adjustable | Fixed |
| Recourse | Recourse |
These descriptions are limited information and meant for general reference purposes.
- Jay Song
Vice President / Account Executive
