New Construction Loans for Ground-Up Projects
New Construction Loans
Our New Construction Loans are perfect for real estate investors, builders and developers seeking competitive financing for the acquisition, development, or construction of ground-up projects. New construction projects give investors the flexibility and capital to cover up to 85% of the project cost from single-family homes to larger multifamily properties.
Loan Terms
- Up to 85% of Project Cost
- Loans from $500k to $5M
- 12-24 Month Term – Interest Only
- Spec development allowed
- Redevelopment, conversion and condo loans also permitted
- Negotiable release prices on multi-asset projects
- Interest Reserves can be built in
- Nationwide Footprint
- Fast Approvals
- Eligible Properties: Single-family detached, condos, town homes, multi-family
Advantages of New Construction Loans
- Competitive financing and loan terms
- Fast approvals and closings for ground-up projects
- Up to 85% of project cost
- Interest only loans