Real Estate Construction Loan

Construction, Rehab and Fix and Flip Loan Program:

• 13 Month Term;
• Interest Only;
• Acquisition and Construction 90% CTV cannot exceed the 70% after construction value;
• 100% Max on Rehab or Construction Cost;

Documents Required:

• Proof of 3 months of Interest
• Appraisal and/or inspection required;
• Borrowers I.D.;
• 12 Months Bank Statements;
• Budget Form;
• Purchase Contract or HUD;
• Name and License of the Contractor;
• Estimated Closing – 7 to 10 Business Days from receipt of full documentation;
• Terms are based on a minimum credit score of 680;

 

Approval Letter in 24 hours or less.

Get pre-approved for 100% financing of your construction cost;