New Construction
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New Construction
New Construction Program Details
Interest Rate:
Rates Starting at 11.75%
Experience Requirements:
Strong Credit, Liquidity, and Experience
Property Type:
Single Family and 2-4 Unit Multifamily
Build Type:
Stick or Modular Build
Max Loan to Cost and Loan to ARV:
Up to 90% LTC and 70% ARLTV
Loan Term:
12-18 Month Term Available
How Interest is Charged:
Interest Charged As Drawn
Project Description:
Land Development or Knockdown Deconstruction
New Construction FAQ'S
i. The Unknown Elements
The first time you enter a home that is primed for a flip, you may walk out with a feeling that this project will be a simple “in and out”. After starting construction and peeling back layer upon layer, you find out that this is starting to seem like a bigger project than originally thought. When building new construction, those worries are thrown out the door as you have complete control over foundation, structure, layout, appliances, and anything else you wish to customize. The unknown is not a factor
ii. Maintenance Costs
For the investor that prefers to hold properties as rentals in their portfolio, maintenance can be a large factor in long term profitability. When holding a new construction property, investors can count on key elements including but not limited to the foundation, roof, flooring, and hot water heater to hold up over the initial span of ownership. This in turn limits monthly and annual expenses, helping you realize a larger ROI (return on investment).
iii. Increased Supply
In times of high real estate demand for investors and end buyers, finding properties are always a challenge. Utilizing this program, investors will be able to broaden their horizons. No longer limiting themselves to typical real estate listings, empty plots of land and homes that require demolition now add to the ever-growing list of opportunities.