Highlights
Program Overview
- Loan amounts: $50,000 – $10,000,000+
- Up to $250M+ for larger development projects (case-by-case basis)
- Leverage: Up to 90% LTC
- Max ARV: Up to 75% of after-repair value
- Terms: 12–24 months
- Closings in as little as 12–20 days
- Competitive rates and points based on deal strength
Developer Profile
- Ground-up construction financing for residential projects
- Zero experience allowed with qualified GC (minimum 3 builds in last 36 months)
- Experienced developers eligible for higher leverage and flexibility
- Structuring based on deal quality, timeline, and exit strategy
Eligible Properties
- 1–10+ units (no maximum unit limit)
- Single-family homes
- Condominiums
- Townhomes
- Mixed-use properties
- Planned Unit Developments (PUDs)
Ineligible Properties
- Manufactured or mobile homes
- Co-ops
- Condotels
- Leasehold properties
- Cabins or log homes
- Operating farms, ranches, or orchards
- Oil/gas lease properties
- Vacation or seasonal rentals
- Highly specialized or unique assets