New Construction
As the market continuously shifts and good deals are few and far between, many investors turn to New Construction. Widely considered by many to be the “pinnacle of real estate investing”, New Construction offers the opportunity to leave a lasting imprint on the home, neighborhood, and community that you are investing in. With our guidance, we can help you start and scale your next project.
New Construction Details
Property Value:
As-is value (or purchase price) greater than $100,000
Prepay Penalty:
None
Property Type:
Single Family and 2-4 Unit Multifamily
Purpose:
Short-term mortgages to buy and renovate properties
Credit Score (FICO):
Minimum 680, no serious delinquencies in past 2 years
Max Loan Ratios:
Up to 90% Loan to Cost & 75% ARLTV
Location:
No rural. Not in AK, HI, NV, ND, SD, WY
Loan Term:
12-18 Month Term w/No Prepayment Penalty