Construction Loan Lending Parameters
The strength/experience of the principal/sponsor is a key component for this private money construction loan program. Typically we will lend up to 75% of the cost of the project and we focus on shovel/ready construction projects. See our other Hard Money Loan Programs.
| Interest Rates: | As Low as 9.99% |
| LTV: | Up to 65% of Future Value |
| LTC: | Up to 75% Loan to Cost |
| Lien Position: | 1st Trust Deeds Only |
| Loan Fee: | Starting at 2 pts |
| Commitment Fees: | CBC |
| Loan Amount: | $500,000 and Up |
| Loan Term: | 6-24 Months |
| Documentation: | Stated Income |
| Underwriting Times: | 48 Hours |
| Closing Times: | 2 – 4 weeks +/- |
| Geography: | CA Only |
General Guidelines
Strong verifiable income is a compensating factor.
Inexperienced Sponsors Allowed
Project Must be Shovel Ready
Limited Horizontal Construction Allowed
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Submission Requirements
Online Sub Form or PDF Version (.pdf)
Online Application or PDF Version (.pdf)
Appraisal and/or Color Photos
Budget to Complete
Itemization of Monies Spent to Date
PDF Copy of the Plans
Sponsor & GC Bio
Copies of Permits (if available)
Executive Summary