Construction and Land
Construction and Land
We offer construction and land loans that finances the price of the land and the construction costs to build on the property. As for the construction funds, they are distributed in portions from completed and inspected phase-to-phase projects in the building process. This is done to make sure the project stays on track and within budget. We serve clients with land loan and new construction loans nationwide. We pride ourselves on funding land purchasing and construction projects very quickly and at any stage of the project. Below are the terms:
- There is no minimum credit score
- We fund up to 80% of the land value and 80% of the construction cost.
- Average close time of 3 days
- Loan size:$20,000 – $10,000,000
- Interest Rate: From 5%
- Bad Credit -Accepted
- Bankruptcy -Accepted
- Foreclosure -Accepted
- Collateral: 1st or 2nd lien position on the property.
- Down payment: 10% of the project cost.
- Fees: Borrower will be responsible for expenses without limitation, including legal fees at closings
Required Documents
Required Documents
1. Last 3 Bank Statements or pay stub
2. Business Entity document ( if you are applying as an entity )
3. Driver License
3. Driver License
4. Utility Bill
