Construction and land loan is loan that finances the price of the land and the
construction costs to build on the property. As for the construction funds, they are
distributed in portions from completed and inspected phase-to-phase projects in the building
process. This is done to make sure the project stays on track and within budget. We serve
clients with land loans and new construction loans nationwide. We pride ourselves on funding
land purchasing and construction projects very quickly and at any stage of the project.
Below are the terms:
We fund up to 85 percent of the land value and 85 percent of the construction cost.
Interest rates start from 5%
Average close time of 5 days
Loan size:$20,000 – $10,000,000
Interest Rate: from 5%
Bad Credit -Accepted
Bankruptcy -Accepted
Foreclosure -Accepted
Collateral: 1st lien position on the property.
Down payment: 10% of the project cost.
Fees: Borrower will be responsible for expenses without limitation, including legal
fees at closing.
Required Documents
Required Documents
1. Last 3 Bank / Statements or pay stub
2. Business Entity document ( if you are applying as an entity ) 3. Driver
License