Once the building was knocked down we were left with a vacant lot.

Below is the rendering.

New Ground Up Construction Loans

Rates as low as 8.99%

Need funding for a new build?

New Construction Product:

Property Type: Single Family, 2-4 Units, Condos/Town homes, and Multifamily/Mixed-Use

Loan Types: Purchase and Refinance

Experience: 3 New Builds or 6 Fix & Flips

Credit Score: 600+

Loan Amount: $100,000 Minimum

Leverage: Up to 70% of Purchase 100% of Construction Up to 70% of ARV

Interest Rate: From 8.99%

Loan Term: 12-18 Months Interest Only Payments & No Prepayment Penalty


Acquisition and Renovation Loan

MultiFamily | Mixed-Use Product:

Property Type: Multifamily (5+ Units) Mixed-Use (> 50% Resi)

Loan Types: Purchase, Refinance, Cashout, Renovation, Bridge

Experience: None

Credit Score:600+

Loan Amount: $100,000 Minimum

Leverage: Up to 85% of Purchase 100% of Construction 75% of ARV Interest

Interest Rate: From 8.99%

Loan Term: 12-18 Months Interest Only Payments & No Prepayment Penalty


 

Fix & Flip Product:

Property Type

Single Family, 2-4 Units Condos/Town homes

Loan Types:  Purchase, Refinance, Cash out, Renovation, and Bridge

Experience: None

Credit Score: 600+

Loan Amount:$75,000 Minimum

Leverage: Up to 90% of Purchase, 100% of Construction & Up to 75% of ARV

Interest Rate: From 8.5%

Loan Term: 12-18 Months Interest Only Payments & No Prepayment Penalty

New! Low Fico 1-4 unit ARV (As repair Value)

 Renovations are hard work. Finding the right financing solution should be simple and quick.
In as little as nine days, you can obtain up to $2 million in funding for your investment acquisition.

Our Low Fico ARV Pro loan is designed for independent real estate investors who are often tough to qualify. Based on the
property’s “as repaired value” (ARV), it’s the best short-term,interest-only solution for acquiring and improving property
value for fix-and-flip investors.

KEY FEATURES
• Allows borrowers to finance improvements.
• Great for borrowers who need a quick close.
• An interest-only 1-year term provides lower
monthly payments.
• A higher LTV than hard money lenders.
• Available for Investor 1-4 properties
(SFR, condo and 2-4 units).

 


 

 

 

After Repair Value – Repairs to a property can be the most effective way to increase its value. By applying for the After Repair Value (ARV) loan, you could be eligible for funding between $75,000 up to over $2.5 million, based on a 12-month term. See additional loan details and requirements below.

After Repair Value (ARV)

  • Term 12 Months
  • Loan Amount$75k to $2.5M+
  • LTV Up to 85% of the purchase price;
    up to 100% of renovation costs;
    Not to exceed 75% of the ARV

  • FICO 600 minimum
  • Property Types: Non-owner occupied 1-4 family residential
  • Property Type Exclusions ARV Owner Occupied
  • Pre-Pay Penalty N/A
  • Termination Fee 1% After Month 9
  • Extension Fee No Extension Option