Ground Up
PROPERTY TYPES
Residential (1-4 Units)
LOAN AMOUNT
$50,000 $5,000,000
MAXIMUM LOAN TO COST
- Up to 75% of the lower of land value or purchase price/60% if unpermitted, plus 100% of construction
- Max 80% of total project costs
- LTC Catch Up Draw to raise initial advance to 75% at approval of required plans/permits post-closing
MAXIMUM LOAN TO ARV
70%
TERM LENGTH
12 months, up to 18 at lender discretion
RECOURSE
Full Recourse