Hard Money New Construction Loans
Let HardMoneyMan.com Fund Your Next Build! We specialize in making spec loans for builders.
Hard Money New Construction Loans fast!
Hardmoneyman.com LLC is the market leader for hard money new construction loans. We have made thousands of hard money new construction loans over the last 2+ decades.
While many lenders claim to make ground up construction loans, we have built houses ourselves and understand exactly what our borrowers are looking for in a lender on their deals.
With our commonsense underwriting and quick closings, you will never look for another lender again after closing your 1st deal with us!!
New construction spec loans require a lender that understands the whole process from acquiring the lot (or lots and putting the pieces of the land together), to entitlements, permits, approved plans and then most important, closing your loan and getting your draws done quickly.
Submitting your application package for a Ground Up construction loan is quick and easy
Hard Money New Construction Loans
These are loans for builders with lots that you’re ready to go vertical on (shovel ready), or houses that need to be torn down and rebuilt, spec homes, model homes for subdivisions.
Overall Loan Criteria for New Construction
- Minimum $150K Completed Value after the build
- 620+ Mid Credit Score
- Minimum 1 or more new builds and sales in the last 36 months
- Rates Starting at 7.99%
- 12-24 Month Term
- Loan Amounts from $100k – $3M
- This is for 1-4 unit residential and townhouses only
Lot Purchase + Construction
- 620+ Mid Credit
- 50-75% Lot cost
- 100% Construction cost
- 80-90% Total Loan to Cost
- 65-75% Completed Value
- Minimum 1 new build and sale in the last 36 months required
** The above percentages are based on credit and experience
Construction Funds Only (Lot Already Owned)
- 620+ Mid Credit
- 80-85% Loan to Cost
- 65-75% Completed Value
- Minimum 1 new build and sale in the last 36 months required
** The above percentages are based on credit and experience