Ground Up Construction 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 9.49%!! 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:||$500,000 - $150 Million|
|Term Length:||6 - 36 months|
|Max LTV:||Up to 75%|
|Max LTC:||Up to 80%|
|Interest Rate:||Starting at 9.49%|
|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 $500,000+.
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 from $500,000+.
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, condo conversion, or bridge to construction take out on mixed use projects with loan amounts from $500,000+.
None! (3+ months of minimum interest earned)