Ground Up Construction
Loan Program
When the bank lets you down
We save the day!
A "Ground Up Construction" loan program is designed to provide a streamlined financing solution to build single family, multi-family, and mixed use projects which are entitled or shovel ready. A Ground Up Construction loan is a great fit in the following situations:
At Capital Funding Financial, our Ground Up Construction loans close very quickly... in as little as 17 days at rates starting at 7.99%!! Our construction loans require very little documentation instead the underwriting is primarily based on the risk of the project itself! Our Ground Up Construction loans are a great way to acquire property to build a single family spec home or multi-family development. Our ground up construction program provides you with the ability to close quickly by using a reliable & experienced lender as your financing partner.
Loan Amount: | $250,000 - $50 Million |
Term Length: | 6 - 36 months |
Max LTV: | Up to 75% |
Max LTC: | Up to 85% |
Amortization: | Interest only |
Interest Rate: | Starting at 7.99% |
Closing Time: | 17 Days |
Loan Use: | Purchase, refinance, cash-out, Construction on Entitled or Shovel Ready Land |
Single Family is classified as one to four-unit residential use dwellings including condominium, P.U.D., townhomes, duplex’s, triplex’s, and quadplex’s. At Capital Funding Financial, we will lend to real estate investors and entities looking to purchase, refinance, fix & flip, or buy to rent from $250,000+.
Multi-family is a classification of housing where multiple units (5+) for residential use are contained within one or more buildings within one community or complex. At Capital Funding Financial, we will lend to real estate investors looking to purchase or refinance multi-family properties with loan amounts
Mixed-use is a type of development that blends residential and commercial uses into one integrated complex or building. At Capital Funding Financial, we will lend to real estate investors in the following scenarios: purchase, refinance, bridge to stabilization, bridge to sale, or bridge to construction take out on mixed use projects with loan amounts from $250,000+.
Our construction loans feature rates starting at 7.99% interest only. All rates are based on three main factors: Loan to Value (LTV); Sponsor or Guarantor Experience and Creditworthiness; and the overall risk & location of the property.
We have a minimum loan amount of $250,000 and a maximum loan amount up to $50 Million (However exceptions are granted for low LTV properties that exceed or fall below those requirements)
We lend on commercial properties Nationwide except for Nebraska, Alaska, Minnesota, North Dakota, and South Dakota. We have a strong presence and prefer properties in Florida, Texas, Georgia, and the Northeast.
660. However, If you fall below we can grant an exception based on the overall project risk.
None! (3+ months of minimum interest earned)