Ground Up Construction - $200K Minimum Loan Amount!

We have made changes to our new Ground Up Construction program to lower the minimum loan amount so that Borrowers with construction projects as low as $200K will still be able to qualify for this funding! Obviously larger loan amounts will still work. Please see below!

Senior Commercial Capital Ground Up Construction Guidelines:

* Collateral: Non-Owner Occupied Single-Family Properties; Condos; Townhomes
* Term: 12 to 24 Months
* Loan Amount: $200k* - $10M Based on Max Loan Amount

Loan To Value will vary based on Borrower's experience in the last 3 years:

* Initial Loan Amount: Up to 75% of the As-Is Value based on Borrower's experience
* Maximum Loan Amount: Up to 75% of the After-Repair Value based on Borrower's experience
* Up to 90% Total Loan-to-Cost based on Borrower's experience
* Credit Score: 660 Minimum

The "Initial Loan Amount" refers to the purchase of land where the new construction will be built. These terms are offered assuming the Borrower has already obtained building Entitlements, Permits & Approved Plans.

This Ground Up Construction program is available to Borrowers that have completed 3 or more Ground Up Construction projects in the last 3 years. Brand new Construction Investors will not qualify for this program. One suggestion I will offer is for a "new" or newer Construction Investor to partner with your chosen General Contractor or Builder so that you may use their experience to get you approved. This strategy works but you will have to be actual partners on the transaction and both parties would have to qualify. Obviously if you are already experienced in these projects then you have no worries and will qualify on your own.

We are a direct Correspondent Lender offering financing in 45 states across America! Direct Funding is available right here, right now. If you are interested in financing Ground Up Construction, just send an email to monty.yeager@seniorcommercialcapital.com. I am here to answer any questions you have. I don't get paid unless you do so let's work together to finance your Ground Up Construction project.

Monty Yeager
Sr. Vice President
Senior Commercial Capital
monty.yeager@seniorcommercialcapital.com
208-794-7430 

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