Your Trusted
Construction
Loan Lender
Why Choose Us as Your Construction Lender
Our high leverage options mean less out of pocket, leaving more in your pocket. Less money down provides increased reserves and greater flexibility for any unknowns throughout the construction process.
Our streamlined process and interactive borrower friendly portal ensures a smooth and expedited closing, meaning you get to building faster. We know construction and how to get your approvals to the finish line faster.
Our dedicated and experienced team is here to assist you throughout the process. We are here to support you from the time you put the first shovel in the ground to when the ‘For Sale’ sign goes up.
How to Apply for Construction Loan
Contact Us
Ready to get started on your Construction loan? REACH OUT TO OUR TEAM TODAY
BY CALLING (310) 424-3587 OR FILL OUT THE FORM BELOW.
Loan Application
Lending guidelines
- loan programs
- Ground-Up Construction & Horizontal to Vertical Construction
- Project Types
- SFR 1-4, Subdivisions, Condos, Townhomes, Multifamily 5+ & Mixed-Use
- Loan terms
- 6 - 24 Months w/ Extension Options
- Transaction Types
- Purchase, Rate/Term & Cash-Out
- Max Day 1 LTAIV / LTC / LTARV
- Up to 70% / 85% / 70%
- Loan Amounts
- $500,000 - $20,000,000+
- Interest Rates
- 9.50 – 11.99%
- Origination Fees
- Starting at 1.5%
- Borrower Recourse / Guarantees
- Full Recourse / Personal Guarantees Required (limited by exception)
- Lending Markets
- Nationwide (major metro and secondary markets only)
Frequently Asked Questions (FAQ)
- CONSTRUCTION-TO-PERMANENT LOANS: THESE COVER THE CONSTRUCTION PHASE AND THEN CONVERT TO A TRADITIONAL MORTGAGE ONCE THE PROJECT IS COMPLETED.
- STAND-ALONE CONSTRUCTIONLOANS: THESE SOLELY COVER THE CONSTRUCTION PERIOD, AND AFTER COMPLETION, THE BORROWER NEEDS TO SECURE A SEPARATE MORTGAGE.
FUNDS ARE USUALLY DISTRIBUTED IN “DRAWS” OR STAGES AS THE CONSTRUCTION PROGRESSES. TYPICALLY, AFTER CERTAIN MILESTONES (FOUNDATION POURED, FRAMING COMPLETED, ETC.) AN INSPECTOR VERIFIES THE WORK AND THE LENDER RELEASES THE FUNDS.
REQUIREMENTS VARY BY LENDER, BUT GENERALLY, YOU’LL NEED A GOOD CREDIT SCORE, DETAILED CONSTRUCTION PLANS, A QUALIFIED BUILDER, A DOWN PAYMENT, AND PROOF OF INCOME.
INTEREST RATES CAN BE VARIABLE OR FIXED. DURING THE CONSTRUCTION PHASE, BORROWERS OFTEN PAY INTEREST ONLY ON THE FUNDS THAT HAVE BEEN DISBURSED. AFTER THE CONSTRUCTION, THE LOAN MIGHT CONVERT TO A PERMANENT LOAN WITH A FIXED OR VARIABLE RATE.
THE DURATION OF A CONSTRUCTION LOAN CAN VARY BASED ON THE PROJECT’S SIZE AND SCOPE. GENERALLY, THEY HAVE A TERM OF 12 TO 18 MONTHS, BUT EXTENSIONS MIGHT BE AVAILABLE IF NEEDED.
CONSTRUCTION LOANS USUALLY REQUIRE LICENSED PROFESSIONALS. IF YOU PLAN TO ACT AS YOUR OWN CONTRACTOR, MAKE SURE YOUR LENDER ALLOWS OWNER-BUILDER CONSTRUCTION LOANS.
IF THE PROJECT COSTS MORE THAN ANTICIPATED, THE BORROWER MIGHT NEED TO COVER THE ADDITIONAL EXPENSES. SOME LENDERS MIGHT OFFER AN OPTION TO INCREASE THE LOAN AMOUNT, BUT IT’S SUBJECT TO APPROVAL AND ADDITIONAL TERMS.
DELAYS IN CONSTRUCTION CAN OCCUR DUE TO VARIOUS REASONS. DISCUSS YOUR UNIQUE SITUATION WITH US FOR DETAILED INFORMATION.
