Flexible construction loans available for Investors.  Buy a residential buildable lot or an investment knock down and build new!  

If you have a minimum level of fix and flip experience that demonstrates you can handle projects, now you have the opportunity to take it to the next level with Investor New Construction without direct previous new construction experience.  

 

Eligible properties:  Single family (PUD’s included) non owner-occupied properties and multi-units.

• Single unit property:  Loan to value up to 75% of ARV (85% LTC).
• 2-4 Multi-unit property Loan to value up to 70% of ARV (70% LTC).

Close in an LLC, LP, Corporation, trust, or individual as allowed by state law. Business purpose loan available in up to 39 states 

Terms available:  12, 18, or 24 months.  Monthly Interest only payments (IO)

Loan amounts:  $100,000 up to $3,000,000.

Experience:  You do not have to have direct new construction experience for this loan provided you have ownership of 2+ investment properties within the past three years. 

Credit score:  660 minimum and acceptable credit for principals. 

Documentation required:  

• Budget: Provide a description outlining the project scope and a line-item budget detailing the planned project costs.
• Plans and specs for the property to be constructed.  
• Reserves:  6-12 months reserves based on experience level verified with a current bank statement. 

Everybody loves a brand new property. Gain the competitive advantage in your market with our Investor New Construction Financing today!

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