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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