hard money loans for new construction
We offer new construction loans for experienced investor with quick access to leverage and underwriting flexibility not available from conventional financing.
about the loan program
We offer loans for Real Estate projects such as multi-family, Hotels, etc for locations all across the United States.
Increase Your business' growth.
Increase Your Earnings
Interest rates on construction loans are very low, giving you the avenue to make higher profit from your business
Fast Process
We understand time is money, and for this reason, we don’t waste your time with the process. We make it seamless and quick to get approved
Loans made for you
We understand you may have specific needs and need loans tailored to just that. Our construction loans are structured to handle your specific business need within the construction space.
Apply within Minutes
Provide a few details about yourself, your company and the sale on which you would like to advance.
sign an agreement
We will provide you with a digital copy of the agreement to sign.
Advance Review
Your application will be reviewed by our account managers and confirm your transaction closing date with the settlement company.
Funding
Once your application is reviewed and approved, funds will immediately be released to you.
Do You Have Any Questions? Read Our FAQs Section and Feel Free to Ask
A hard money loan for new construction is a short-term loan used to fund the construction of a real estate investment property. A part of the funds are allocated at closing to finance lot purchase, as with most hard money loans for building or improvements, and the remainder is kept in escrow. The escrow funds are allocated in arrears or after certain phases of the scope of work are finished. The scope of work is used to construct a draw plan, which specifies when and how much work will be done at what point of the project.
The process of securing a hard money construction loan is much different than that of a conventional mortgage. Unlike a conventional loan, which requires a significant amount of paperwork, a new construction loan requires relatively light documentation. Once you have completed the new construction loan application, the loan officer and underwriter will review the deal with you and order an appraisal if the deal fits!
