LOAN SIZE: $100,000 - $3,000,000

LOAN-TO-COST: 88% subject to qualifications

TERMS:

• 5 Years + 2 Year Extension OR

• 10 Years + 2 Year Extension

BUILD PHASE: 1 Year for construction or rehab

RECOURSE: Full

PAYMENTS:

• Year 1: Interest Only with interest reserve

• Year 2 and later: 30 year amortization or interest only available on 7 year

INTEREST RATES

• 4.9% fixed for 5 Years + 2 Years floating OR

• 5.2% fixed for 10 Years + 2 Years floating

Note: Rate during an extension is floating at the greater of Prime +1% and the original fixed rate

INTEREST ONLY: Year 1 on all. Full term available on 7 year, add 0.25% to rate.

ORIGINATION FEE: 2%

BROKER FEE: 1%

THIRD-PARTY COST: $500 closing fee

Whether you build 1 or 100 projects a year, use our direct lender to complete your construction projects.

• LOAN SIZE: $75,0000+

• PROJECT VALUE: $100,000 to $8,000,000+

• PROPERTY TYPE: Houses, duplexes, triplex, quads, and 5+ unit residential

• LTC: Max 90% (100% land subordination)

• TERM: 10 months + 4 months extension

• RECOURSE: Limited resource

• RESERVE DEPOSIT: None
  

• ORIGINATION FEE: 2%

• BROKER FEE: 1%

• RATE: From 4.99% to 8.99%

• PAY RATE: 0.00%. No monthly payments and NO interest-on-interest

• LOCATION:Loans available in 46 states

• THIRD-PARTY COST: $500 underwriter fee.

• LOAN SIZE: Up to $5,000,000

• PROJECT VALUE: $100,000 to $8,000,000+

• PROJECT TYPE: Ground-up residential project

• LTC: 100% of eligible cost

• TERM: 5 years

• FEES: Origination fee of 2%

• BROKER FEE: 1%

• RATE: Starting at 6% fixed for 5 years

• OTHER COSTS: No other lender fees. Reimburse lender for third-party expenses including appraisal, recording taxes and fees, etc.