Construction Loan
Acquisition, Development, and Construction loans.
Program #LG561
Acquisition, Development, and Construction loans.
Program #LG561
Summary of all Guidelines | |
| Loan Types | Construction Loan |
| Property Types | Land Entitled, Multi Family, SFR |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $100,000 |
| Loan amount Maximum | $2,000,000 |
| Interest Rate Minimum | 10.5% |
| Points Minimum 1st TD | 1.25 |
| Terms | 15 year, 20 year, 30 year |
| Fees | Processing Fee |
| Lien Position | 1st |
| Max Points Charge by Broker | 2 |
| Prepayment Penalty | 3 years, 4 years |
Your one step solution for horizontal and vertical construction.
Tailor-made for the acquisition of development-ready plots, encompassing both land preparation and construction costs. Ideal for building new communities from the ground up.
Program Overview
Purpose: Acquisition, Development, and Construction loans. Experienced developers and builders benefit by consolidating and streamlining their AD&C financing for construction projects with an ‘All-In-One’ loan!
Terms (up to): 24 months
Loans Amounts:
• Min Loans Amount: $500,000
• Max Loans Amount Per Unit: $3,000,000 • Max Loans Amount: $20,000,000
Total Units per Loans: Multiple properties per loan allowable ifi n the same jurisdiction
LTC: <85%
As Repaired / Improved LTC- Horizontal: Post Lot Development <55%
As Repaired / Improved LTC- Vertical: <65%
Property Type – Horizontal: Entitled land with zoning in place.
Property Type:
• Single Family • Townhouses
• Condo
• 2-4 unit properties
Eligible states: All except ID, HI, MI*, MT, ND, NV, SD, VT, WV, WY *MI is eligible for Single Family Rental loans
- Jon Cosentino
