Construction Loan
Program #LG578
Program #LG578
Summary of all Guidelines | |
Loan Types | Construction Loan |
Property Types | 2-4 Units, Mixed use, Multi Family, SFR |
Lendding Area | NATIONWIDE |
Loan amount Minimum | $800,000 |
Loan amount Maximum | $4,000,000 |
Interest Rate Minimum | 9.75% |
Interest Rate Maximum | 12% |
Points Minimum 1st TD | 0.75 |
Points Maximum 1st TD | 2 |
Terms | 2 year |
Interest Only or Amortized | Interest Only |
Lien Position | 1st |
Prepayment Penalty | No Prepayment Penalty |
OUr "Ground Up Construction" loan program offers a streamlined financing solution tailored for the development of multi-familiy dwellings and single-family homes that are either entitled or breaking ground ready.
Seasoned builders or developers seeking to expedite project initiation without reliance on traditional bank financing.
Contractors who possess entitled or breaking ground-ready land but require financial support to kickstart their projects.
At NGRE Group, we specialize in swift closings for our ground-up construction loans, offering competitive rates. Our loan process minimizes documentation requirements, prioritizing project risk assessment for underwriting. With our program, you gain access to swift financing, enabling the development of single-family speculative homes or multi-family complexes. Partner with us, an established and dependable lender, to expedite your project's success.`
These descriptions are limited information and meant for general reference purposes.