We offer loans.

A construction loan is typically a short-term loan used to pay for the cost of building a home.

It may be offered for a set term (usually around a year) to allow you the time to build your home. At the end of the construction process, when the house is done, you will need to get a new loan to pay off the construction loan.

Construction Loan: One Time Close and Investment Property Only

Loan Parameters:

  • 20% down payment, of the cost of the property, plus construction cost.
  • Interest only for 1 year while you build.
  • 5-year ARM with a 25-year amortization.
  • 720 minimum credit scores
  • Preapproval process about 1 week
  • Close in about 45days
  • Inspection fees $150 per inspections (based on draws)
  • No max amount for renovations
  • Minimum loan amount $50k for flips and $100k for New Construction.
  • Commercial appraisal about $1200 for fourplex. Less on lesser units
  • Builder approval thru third party vendor is required.
  • No prepayment penalties
  • No escrows required
  • No max debt to income ratios
  • Gift Funds from relatives are not allowed on this program
  • Citizen, permanent resident and some Work Visas allowed

Construction Loan for Investors

Loan Parameters:


Ground-up construction loans for build-ready lots. Ideal for investment property infill, tear down, and spec homes.

Minimum Experience (36 mo. Lookback period):

Minimum (1) New Construction experience for max leverage or (1) Fix & Flip experience for reduced leverage

Individual Loan Size:

Single Unit: $100K – $1MM Multi Unit (2+): $100K – $1.5MM

Exposure Limit Amount:

$500K – $10MM

Construction Holdback:

Up to 100% of construction budget

Borrower Type

Individuals and Entities (LLC, Corporation). Foreign Nationals eligible.

Eligible Properties

Non-owner occupied: Single Family Residence, 2-4 units, Condos1, Multi-family, Mixed Use Property

Eligible Costs Financed

We finance Hard Costs and all Soft Costs

Loan Term

12 months standard, interest-only with fixed rate. 18-month option available.

Minimum Interest

180 days of interest on the maximum loan amount

Interest Accrual

Interest on full balance or the actual drawn balance

Ineligible Project Scope

Limited to build-ready infill, tear down, mid-construction3 & spec homes. Not for tract home projects or new subdivisions (10+ homes)

Valuation Requirements

Full 1004 Appraisal with “as-is” and “ARV” values. Exterior appraisal with “as-is” and “ARV” values allowed (case-by-case). No rural properties.

(ARV= After Repair Value)

Liquidity Requirement

Down Payment + Closing Costs + 10% of the Holdback + Any Equity Shortage + Required Reserves

Interest Reserves

Optional 6 months or 12 months for lower rate

Credit Scores and Loan to values:

Minimum Credit Score: 620 FICO

Max Loan-to-Value (ARV LTV)

  • Single Unit max 70%
  • Multi Unit (2+) max 65%

Max Purchase Loan (LTC)

  • Single Unit max 85%
  • Multi Unit (2+) max 80%