Construction Loans

Ground Up Construction

Up To 85% LTC

Financing Criteria

  • Collateral – SFR (1-4 units), includes townhomes
  • Collateral – Multifamily (5-100 units) and Mixed-Use (>50% residential) on a case by case basis
  • Leverage – Up to 50% of land purchase price and 100% of construction budget subject to a 75% of completion value.
  • Term – 12 to 24 months
  • Land Value – Minimum $20k per unit
  • Loan Amount – $100k to $3mm
  • FICO – 650+
  • Rate – Starts at 8%
  • Prepayment – Zero
  • Foreign National – requires exception

The Quick Fast Experience

We offer exceptional customer service throughout the process

We handle all processes are handled in house – from start to finish

We have a number of term and structure options to get you the best fit for your scenario

Until we bring back our line of credit, we no restrictions to the number of loans that you can apply to receive

We utilize an expedited underwriting process

You will only pay interest only on what you draw, not on unused funds

Everybody Else

They provide the “customer experience” through lip service but fails to deliver when it matters

They will outsources aspects of the loan (such as construction management and servicing) requiring you to deal with multiple vendors who they cannot control

They have limited loan programs and product options

They ALWAYS require multiple re-underwriting and request the same documents over and over

They either never sign off or take forever to sign off on a project

They are slow to release draws

They charge interest on unused funds