Construction

LOAN AMOUNT

$100,000 to $3,000,000 

 

MINIMUM CREDIT 

680 

 

RATES 

11.99% – 13.99% 

 

POINTS 

2-4% 

 

PAYMENT 

Monthly, Interest Only, No Prepay Penalty 

LOAN TO LAND PURCHASE (AILTV) 

TYPE/LOCATION 

Infill Construction in Urban/ Suburban Areas 

 

EXPERIENCE REQUIRED 

Must Have GC if Builds last 36 Months 

 

ELIGIBLE LOAN TYPES 

Purchase+Construction, Refinance+Construction, Construction Only Up to 65% 

 

 LOAN TO COST (LTC) 

 Up to 85%  

 

AFTER REPAIR VALUE (ARV) 

 Up to 70% 

 

TERM 

 12, 18 or 24 Months