New Construction Loans
Three Steps: Get a New Construction Loan
Whether you want to build a hotel, a short-term rental income property, residential homes, or commercial property we can help you along in your journey as an investor.
Step One starts with you filling out the form on this page. Then Step Two, you will take a quick moment to text, call, or email us so we can look up your information to quickly serve you. Finally, complete Step Three where you will collect your new construction loan application.
STEP ONE // Fill Out This Quick Form
Home Construction Loans // Commercial Construction Loans
We Have the Experience & Team to Support You
Private & Hard Money New Construction Loans // Loans to Build or Hold
Improve construction funding, construction management, and construction marketing for your real estate investments working with us. Lending & Construction Management Support For Builders & Investors
We invite inexperienced builders and experienced builders to reach out. If you are seeking alternative funding for home construction or commercial construction projects, complete Step One immediately. Our connections with hard money construction loan options for new construction projects offer fluidity and underwriting flexibility, allowing more flexibility in your investments. Let us grow your real estate investment portfolio, together…. even if it is from scratch.
STEP ONE: Complete Form
To get started, fill out the form above in Step One. When we receive your information, we will connect you with one of our top construction loan managers.
STEP TWO: Text, Call, Email
We want to know about your real estate investment and new construction loan needs. Text, call, or email us after you complete Step One, above.
STEP THREE: Get Organized
Thank you for reaching out! After completing Step Two, be prepared to provide your loan support documents by organizing and making them ready to provide to the lender.
New Construction Funding & Construction Consulting & Marketing
Hard Money Construction Loan Management, & Construction Marketing Support
Access Hard Money and Private Money
// Lending for Builders & Investors
Looking for hard money construction lenders and loan options for home construction loans and commercial construction loans? We support you through funding, construction development, and marketing of your real estate investment.
Hard money new construction loan resources are so valuable to builders and investors. You now have easily accessible capital. Hard money construction lenders offer reliable terms and structures for new construction loans. Let’s grow your portfolio together. After your project is funded and developed, we can help out with the marketing of your properties.
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STEP THREE // Documents Needed from YOU to FUND.
Prepare these documents for sending them electronically for Lender review and processing of your home construction loan or commercial construction loan.
Begin Step Three by gathering neatly most, if not all, of the following documents so you can quickly prepare for funding of your new construction loan.
Personal & Property
Property Purchase Contract
Proof of Mortgage Insurance
Driver’s License (front/back)
Prepare of Closing
Proof of Funds Statement
Preliminary Title Report
Preliminary Title Report
Business
Operating Agreement
State Business Registration
Certificate of Good Standing
New Construction Hard Money Project Funding for Builders & Investors
New construction hard money loans are for shovel-ready lots and teardown projects. This includes model houses or spec homes, subdivisions, infill.
New Construction Hard Money for Build to Hold, or Rent, Income Properties
New construction hard money loans are best for buildings seeking to develop the property and maintain it for fix and hold, rental income property purposes.
Hard Money Bridge Loans for Builders & Investors
New construction builders have access to working capital using completed home inventory or even model homes for a bridge financing loan.
The new construction hard money loans are great for builders for most projects involving, residential or commercial, properties; including properties developed with the intent to sell or maintain for rental purposes.
Hard money construction loans are the answer for many builders. Choosing the right new construction loan type is determined by the project timeline. As a builder, having fluidity and quick action means everything for the survival of the builder.
Quicker funding means more agility as a builder.
In comparison to hard money new construction loans, conventional loans are slower to process during approval and funding stages. Hard money loans have a much quicker approval and funding process.
Can you use a hard money loan to build a house?
If you are not a good fit for traditional loan financing for your new construction projects, work with us. New construction hard money loans are. a great alternative to traditional financing. Another instance to consider a new construction hard money loan is if you have certain deadlines to meet, hard money funding is quicker than traditional lending.
It can be frustrating and very stressful as a builder to have money tied-up or funding inaccessible due to time constraints. That is why new construction hard money lending can really save a new construction project.
New Construction Hard Money Loans Help Builders
Hard new money construction loans do come with higher interest rates, however, in exchange for that, you do not have to overcome obstacles traditional lending offers. You want to know, where does the money come from?
Hard money new construction loans are secured by the equity in the property. You can also expect to invest some of your own capital into your construction project. That percentage will vary but anticipate 10-20% down.
Ask Us About:
- New construction lender options
- New construction lender rates
- New construction lender docs
- New construction lender terms
New Construction Hard Money Loans for Builders
- Automate Funding
- Increase Production
- Buy More Real Estate
- Experienced Professionals
New Construction Property Selection Tips
- Do Market Research
- Do Market Analysis’
New Construction Builder Investor Resources
- Use Our Connections
- Get Funding Management
New Construction Investor Tips
- Make Better Connections for Materials
- Hire Great Contractors
- Hire Great Rental Property Management
Share This Opportunity With A Friend or Business Partner
Refer Another Builder for Our New Construction Hard Money Loan Financing Help
for Build to Sell or Build to Rent Projects
- Quick Hard Money Loan Funding
- Competitive Hard Money Loan Rates
- Streamline Funding & Loan Services
- Plenty of Hard Money Funding Options
- New Construction Hard Money Loans
Frequently Asked Questions
How long does it take to close on a new construction hard money loan?
The average time from initial loan application submission to borrower approval is under (10) ten days.
When you’re ready to finance your new home construction, the first step is to apply for a new construction loan. hard money loans are a type of new construction loan that provides fast and flexible financing for your project. But how long does it take to close on a new construction hard money loan?
The answer depends on a few factors, including the lender you’re working with and the complexity of your project. Typically, it takes 30-45 days to close on a new construction hard money loan. However, some lenders may be able to fund your loan in as little as 10 days.
If you’re looking for a new construction loan, be sure to work with a lender that has experience funding new construction projects. They’ll be able to guide you through the process and ensure that you get the financing you need to make your dream home a reality.
What terms can I expect for new construction hard money loans?
Expect up to 90% loan to cost and 75% loan to value. New construction hard money loans are approved for projects anywhere from $100k to $3mm. Additionally, choose from 13, 19, and 24-month term options. Non-recourse is available. These are interest-only loans where you pay only on drawn funds.
If you’re considering taking out a new construction loan, there are a few things you should know about the terms of these loans. First, new construction loans are typically short-term loans, meaning they have a relatively short repayment period. This is because new construction projects can be unpredictable, and lenders want to be able to recoup their investment if the project doesn’t go as planned. Second, new construction loans tend to have higher interest rates than traditional loans, since they are considered to be riskier. Finally, new construction loans often require borrowers to put down a larger down payment than they would for a traditional loan since lenders want to protect their investment. However, if you’re planning on taking out a new construction loan, these are just a few of the things you should expect in terms of terms and conditions. Talk to your lender about what to expect before you sign any paperwork.
What are hard and private money new construction loans?
New construction hard money loans are short-term loans builders and investors use to facilitate financing for the development of their real estate investment properties. At closing, allocated funds are disbursed for the financing of lot acquisition. The rest of the monies are held in an escrow account.
Once certain phases of the project are completed funds are released. Otherwise, funds are distributed in arrears. The project’s milestones are outlined in the scope of work. The scope of work (SOW) includes phases. In some cases, the phases are referred to as draws. The SOW will also include calculated cost schedules associated and shown for each phase or draw. The SOW and its phase schedule allows for accountabiity and oversight of projects.
How do home construction loans work?
Home construction loans help borrowers finance the construction of a new home. Unlike a traditional mortgage, which is based on the value of an existing property, new construction loans are typically short-term loans that are backed by the value of the property being built. This type of loan is also known as a hard money loan. Construction loans can be used to finance the purchase of land, as well as the cost of labor and materials.
In most cases, borrowers must have a down payment of 20% or more in order to qualify for a new construction loan. The loan terms and interest rates will vary depending on the lender, but most new construction loans have terms of 12 months or less. Borrowers should be prepared to make interest-only payments during the construction phase, as well as a balloon payment at the end of the loan term. Home construction loans can be an excellent option for borrowers who are looking to build their dream home from scratch. However, it is important to consult with a financial advisor to ensure that you understand all of the risks involved before taking out a new construction loan.
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Fix and Flip Loans
Maybe a new construction loan isn’t what’s needed. Take a moment to learn how fix and flip loan financing helps.
Learn More About Fix n Flip Financing
Fix and Hold, Rental Property Loans
Want fix and hold financing, then check out fix and hold property loans. Call our project managers to discuss the BRRRR Method.
