New Construction Line of Credit

Short-term financing for residential real estate investors

New Construction Line of Credit

✓ Lines of credit for multiple transactions1

✓ Funding up to: 75% of land value

95% of construction budget   

75% LTV                 

✓ Loans from $150K to $2.5MM2

✓ Single loans available for first-time investors; no experience required

Description Exposure line to fund ground-up construction for developers and investors (1+ completed flip in the past 2 years)1
Loan Size $150K – $2.5MM2
Term & Amortization 12 months (standard) Extensions available up to 21 months
Acquisition Financing Funding up to 75% of land value
Rehab Financing Up to 95% of construction costs, max 75% ARV
Minimum Interest Charge 90 Days minimum interest 
Borrower Individual, Limited Partnership, Corporation or LLC (Single Purpose Entity)
Credit 620+
Property Types4 Non-Owner Occupied: Single family residences, 2-4 family units, Condos, Townhomes, and Multi-family properties up to 20 units

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