GROUND UP CONSTRUCTION

A ground-up construction (GUC) loan is designed for investors and developers to build a new property from the ground up, covering lot purchase and construction costs with an exist strategy for resale or rental.

Collateral

Non-Owner Occupied 1-4 Units Residential Properties

Condos
Townhomes

Duplex

5+ Unit Apartments

Mixed-Use Properties

LTV

Up to 80% of the Purchase Price the Lot

100% of the Renovation Cost

Not to Exceed 75% of the after repaid value (ARV)

Term

12 – 24 Months

Minimum After Repair Value

$150k

Loan Amount

$100k – $5M

Minimum FICO

650

Rates

As Low As 9.99% (Interest Only Charged on Outstanding Balance)

Experience

0 Experience eligible with lower leverage (case by case)

Pre-Payment Penalty

None

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