Hard Money Spec Home Construction Loans Call 516-526-8445
Hard Money Spec Home Construction Loans
|Experience||Credit Score Minimum||Interest Rate||Points||Advance Rate On Lot Purchase||Advance Rate On Construction||Completed|
|Property Types||Pre-Pay Penalty||Extensions||Closing||Loan Size||Loan Terms|
|Any||600 Mid||8.5%-12%||2-3||Up to 90%||Up to 90%||65%-70%||Single Family, Multi Family (4 units max)||No||Available||7 days||$45K – $5M||13 Mo.|
Spec Home Construction Loans in 39 states and Washington DC. Are you building a spec home? Looking for a construction loan but can’t get a bank loan for one? Do you own a lot but don’t have the funds to go vertical? We are looking to work with builders that own their land/lots free and clear. If you have a lot or subdivision and need money to go vertical, we want to see your loan request.
Spec Home funding – #1 Construction Loan Lender
- This program is now available in the following states: AL, AR, CA, CO, CT, DC, DE, FL, GA, IL, IN, IA, KY, LA, MD, MA, MI, MN, MS, MO, NE, NH, NJ, NY, NC, OH, OK, OR, PA, RI, SC, TN, TX, UT, VA, WA, WV, WI
- 7 day closings
- Same day decisions
- If you own the land that will be considered your skin in the deal
- We lend up to 90% of lot purchase and 90% of the construction costs.
- Rates from 9.99-12%
- 1st time builders OK
- Loan amounts from 45k – 3m (125k in NY State)
- Larger loans considered case by case
With construction spending in the US rising to its highest level in nearly 5 years there is a higher demand for new homes, which in turn leads to builders looking for quicker, more reliable funding than traditional bank lending. Because of that, our aim is fill the gap left by banks in this area! Closings in as little as 7 days. Don’t trust your construction loans to your banker, let a lender that actually lends money fund your next construction project.