Obtain financing for ground-up construction projects
Loan Criteria
Collateral:
Non-Owner Occupied Single Family; Condos; Townhomes
Terms:
12 to 24 months
Loan Amount:
$100,000 to $2 million
LTV:
Initial Loan Amount:
Up to 75% of the as-is value
Maximum Loan Amount:
Up to 75% of the after-repair value
Up to 90% total loan-to-cost
Minimum Property Value:
$150,000 as-completed value
Credit Score:
650 minimum to qualify
Fast Financing that Fits Your Real Estate Investments
Assuming Entitlements,
Permits & Approved Plans
|
Leverage Based on Experience+ |
| INITIAL LOAN AMOUNT |
MAX LOAN AMOUNT |
Maximum
Loan-To-Value |
Maximum
Loan-To-Cost |
Maximum
ARV |
Total
Loan-To-Cost |
Tier 1
Completed 10+ Ground Up
Construction Projects |
Purchase |
Up to 75% of
the As-Is Value |
Up to 80% of
the As-Is Value |
Up to 75%
ARV |
Up to 90%
Total LTC |
| Refinance |
Up to 75% of
the As-Is Value |
N/A |
Up to 75%
ARV |
Up to 90%
Total LTC |
Tier 2
Completed at Least 10 Real Estate
Investment Transactions that
Include Renovation |
Purchase |
Up to 75% of
the As-Is Value |
Up to 75% of
the As-Is Value |
Up to 70%
ARV |
Up to 85%
Total LTC |
| Refinance |
Up to 72.5% of
the As-Is Value |
N/A |
Up to 70%
ARV |
Up to 85%
Total LTC |
Tier 3
Completed 3+ Real Estate Investment
Transactions with Reasonable
Value-Add Renovations |
Purchase |
Up to 70% of
the As-Is Value |
Up to 72.5% of
the As-Is Value |
Up to 65%
ARV |
Up to 85%
Total LTC |
| Refinance |
Up to 67.5% of
the As-Is Value |
N/A |
Up to 65%
ARV |
Up to 85%
Total LTC |
Tier 4
New Customer with No Prior
New Construction Experience*** |
Purchase |
Up to 70% of
the As-Is Value |
Up to 70% of
the As-Is Value |
Up to 65%
ARV |
Up to 82.5%
Total LTC |
| Purchase |
Up to 65% of
the As-Is Value |
N/A |
Up to 65%
ARV |
Up to 82.5%
Total LTC |
+Documented experience in the past three years
***Must have completed 1+ renovation projects |
