GROUND UP CONSTRUCTION LOAN
GROUND UP CONSTRUCTION LOAN
Starting Rate 9.99%*
Our Construction Loans offer builders and investors the funding necessary for ground-up construction and land acquisition.
KEY FACTS ABOUT OUR GROUND UP CONSTRUCTION LOAN
- Perfect for Urban Development: Ideal for build-ready infill projects, tear-downs, and speculative homes in urban areas.
- Project Restrictions: Not suitable for tract home projects or new subdivisions consisting of 10 or more homes.
- Mid-Construction Financing: Options for mid-construction financing are available to support your project's progress.
- Property Type Eligibility: Loans are available for both single-family and multi-family properties.
- Flexible Loan Terms: Choose between 12 or 24-month loan terms based on your project plan.
- Enhanced Leverage for Experienced Developers: Developers with three or more similar past projects may qualify for higher leverage.
- Inclusion of Foreign Nationals: Foreign nationals are eligible to apply for our construction loans.
What Sets This Product Apart?
- Tailored for Developers and Investors: Our loans are specifically designed to meet the needs of both developers and investors.
- Land Acquisition Financing: Option to incorporate financing for land acquisition into your loan.
- Flexible Draw Schedule: Multiple draws available at the borrower's discretion for optimal project funding.
A New Construction Loan offers builders the financing needed to construct new residential properties. Our straightforward, common-sense approach ensures builders get the funds necessary to prepare the property for sale.