Residential Construction Loans - Nationwide

                 Construction Loan Programs:

Luxury Home Builders and Developers Loans

  
100% Residential Home Construction

Loans for Spec and Pre-Sold Homes 
 
Nationwide
 
Loans to experienced builders to build houses in the market that you are accustomed to, with the appropriate loan to values based on each market, one on one service, easy process, no garbage fees, with a reasonable interest rate.
  





Land Development Loan:
Loan amounts from $100,000 to $1,000,000
Loan amount up to 50% of the appraised value, not to exceed 70% loan to cost


Builder/Sold Construction Loans:
Loans to Builders who has a contract to sell the home once the property is completed.
Loan amounts from $100,000 to $2,500,000
Loan amounts up to 75% of the Contract Price
 Cross collateralization allowed on other properties, if needed, for maximum or greater loan amounts
Land purchase may be included in the construction loan.
Deal directly with the Loan Officer/Underwriter
Full and Limited Documentation programs available
Fast pre-qualification, typically within 3 to 5 business days
Loans are available to Borrowers with excellent to less than perfect credit
Flexible draw schedules
1 to 4 family homes preferred, see Multi-Family for more than 4 units
12 month construction term, possibly longer
Interest only payments based on funds advanced
New Builders will be considered


Builder Model/Spec Construction Loans:
Loans to Builders for the construction of a model or spec home.
Loan amounts from $100,000 to $2,500,000
Loan amounts up to 60% of the appraised value
Cross collateralization allowed on other properties, if needed, for maximum or greater loan amounts
Land purchase may be included in the construction loan.
Deal directly with the Loan Officer/Underwriter
Full and Limited Documentation programs available
Fast pre-qualification, typically within 3 to 5 business days
Loans are available to Borrowers with excellent to less than perfect credit
Flexible draw schedules
1 to 4 family homes preferred, see Multi-Family for more than 4 units
12 month construction term, possibly longer
Interest only payments based on funds advanced
New Builders will be considered


New Construction & Fix & Flip
Max LTV= 70% (based on final market value)
Interest Rate= 12%+
Loan Term= 6-18 Months
Loan Amounts= $100,000 – $800,000
Builder/Renovator must have experience with proven track record




       Provide a Detailed Loan Scenario on our 
      Residential Construction Submission Form
        page and we’ll get back to you quickly.     



Loan Details:
$500,000 and Up
Owner, builder, spec or custom home construction
Individuals, corporations, LLCs, partnerships, trusts, estates, international investors, etc.
Combine multiple borrowers or multiple entities in a single transaction
Ground-up or construction completion and broken priority, financing the acquisition as well
Up to 24 months, or more, depending upon the scope of the project
Can accommodate multiple phases and sensible, market driven partial releases
No prepayment penalties or yield maintenance



Property Types:
Spec residential – attached, detached, in-fill, high end fix & flips, multi-family or broken projects
Commercial projects can include acquisition financing and asset repositioning




Multi-Family 2-4 Unit Construction Loans:


Designed for Borrowers who are constructing a 2 to 4 family residential owner occupied property.
Non-owner occupied properties allowed
Self Build available
Loan amounts from $100,000 to $2,500,000
Loan amounts up to 75% of the appraised value
Cross collateralization allowed on other properties, if needed, for maximum or greater loan amounts
Land purchase may be included in the construction loan.
Deal directly with the Loan Officer/Underwriter
Full and Limited Documentation programs available
Fast pre-qualification, typically within 3 to 5 business days
Loans are available to Borrowers with excellent to less than perfect credit
Flexible draw schedules
12 month construction term, possibly longer
Interest only payments based on funds advanced



 Thank you, and we look forward to serving
                    you now and in the future.