Ground Up Construction Loans – Up to 70% ACV with 90% LTC

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. Rehab Financial Group is the rental and investment property lender featuring fast closings and common-sense underwriting. Our Ground Up Construction Loan product is a quick, smart and effective alternative for financing construction costs prior to transitioning into a long-term loan.

DETAILS:

1. The approval for this loan is  based on ground up construction experience, $15,000 OR 25% OF THE CONSTRUCTION BUDGET. WHICHEVER IS GREATER, closing costs, and FICO score.

a. Borrowers or builders for the ground up construction programs must have at least three (3) completed projects or 3 fix and flips with at least 1 large rehab (Comparable to Construction of GU) for Ground up Construction program.

2.  Land must have all entitlements.

b.  Experienced 1-4 family builders may qualify for refund of land purchase price. (Up to 70%)

FICO SCORE OF 650 – 699 = MAX ACV 65%
FICO SCORE OF 700+ = MAX ACV OF 70%

Term: 12-month term with two 3-month extensions (extension fees apply).

Up to 70% ACV

90% LTC Cap

Ground Up Construction Loans | Rental & Investment Property Lender

ADDITIONAL INFORMATION:

Closing times in as few as 5-10 business days

Loan size $100,000 – $1,500,000

Finance up to 70% of purchase, up to 70% ACV (As Completed Value)

For investors interested In land intended for ground-up building of 1-4 units.

All ground up construction loans will be IAD (interest as drawn) for the first six months of the loan. All ground up construction loans will be IAD for the first six months of the loan.

Liquidity Requirements:
$15,000 OR 25% OF THE CONSTRUCTION BUDGET, WHICHEVER IS GREATER, plus cash for closing costs.

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