Are you a builder or developer looking for financing for your next single- or multi-family project? We work with a nationwide lender that provides non-bank financing for residential Construction and development projects.
We understand that traditional bank financing can be difficult to obtain, especially for smaller projects or those with unique financing needs. That's why we offer a variety of Loan products to meet the specific needs of our borrowers.
Benefits of Working with Private Commercial Lenders
- High Leverage Financing: We offer loan-to-cost (LTC) ratios of up to 85% and loan-to-value (LTV) ratios of up to 65%. This means that we can finance a larger portion of your project costs, so you can get started on your project sooner.
- Fast and Flexible Approval Process: We know that time is of the essence when it comes to construction projects. That's why we offer a fast and flexible approval process. We can typically close a loan in as little as 30 days.
- Interest Only Payments: We only charge interest on the funds that you draw on, so you can save money on interest costs while your project is under construction.
Loan Details
- Loan amounts: $1 million to $50 million
- Term: Up to 24 months, with extensions available
- Rates: Starting at 10.99%
- Fees: 2.5% or more
- Location: Most states nationwide, primary and secondary markets
- Recourse: Limited recourse options available
- Lien position: First position only
- Purpose: Investment property only (no primary residences)
- Asset types: Single-family residences, townhomes, condominiums, multifamily buildings, subdivisions
- Project types: Spec home construction, build-to-sell SFR development, fix and flips, bridge loans, horizontal lot development through vertical construction, build-for-rent.
Get Started Today
If you are looking for financing for your next single- or multi-family project, contact us today to discuss your loan options. We are committed to helping our borrowers achieve their construction and development goals.
Ready to learn more?
Contact us today to speak with a loan specialist!
The post Attention Builders and Developers: Funding Available for Your Single- and Multi-Family Projects Nationwide appeared first on Fix and Flippers.
