New Construction

Program terms

Loan Amounts: $75,000 - $2M

Rates: 12% 

Payment: Interest Only

Points: Starting at 2%

LTC: Up to 85%

LTV: Up to 65%

Term: 9-12 months (Extensions Available)

Credit Score: 660 Minimum FICO

Nationwide: Except (SD, ND)

NO PREPAYMENT PENALTY


Step 1: Apply

Fill out our basic application or request a term sheet. Once it is filled out our processing team will begin reviewing it and reach out to you shortly!

Step 2: Process

Once it is processed and deemed to be a good fit for both of us we will add for some additional information to begin underwriting your loan!

Step 3: Underwrite

At this stage we will confirm all of the most important information about the deal and review your scope of work to make sure our estimates are in line with yours.

Step 4: Fund

Tell us when you need to close by and we will have our document package ready for you to sign and get your deal funded.

Step 5: Service

After the loan is funded, we will set you up on monthly payments and release draws once you have completed different stages of the renovation. 

Step 6: Repay

Once you plan on selling or refinancing your property we will issue a payoff to your title company and complete your loan!