Best For: Investors interested in land intended for ground up building of 1-4 unit non-owner occupied properties looking for non-bank financing solutions.
Expand your real estate investment solutions for 1-4 unit residential investment properties. Featuring fast closings and common-sense underwriting. Our 100% Premier Ground Up product is a quick, smart and effective alternative for financing construction costs prior to transitioning into a long-term loan.
HOW IT WORKS:
1. This loan is approved based on ground up experience, cash for closing + 6 months reserves, credit and income.
a. At least 1 verifiably completed ground up within the most recent 12 months.
2. Land must be purchased in advance, have a foundation poured with permits approved for building.
b. RFG may refund the cost of the foundation as part of the total loan subject to appropriate ARV limit. Experienced 1-4 family builders may qualify for refund of land purchase price.