New Construction


New Construction


LOAN PURPOSE

  • Ground-up construction loans for developers and investors building 1-5 properties at a time

  • Lot financing can be included, if lots are in build-ready condition

  • Program includes exposure limit (LOC) for experienced large volume investors, with options for inexperienced investors

INTEREST RATE

6.75% and up

LOAN AMOUNT

$75K - $5M (max $500k for inexperienced investor)

TERM

12 months (standard), with optional extensions

BORROWER TYPE

Individual or Entity

MAXIMUM LOAN-TO-VALUE (LTV)

Up to 75% of After Repair Value (ARV)

MAXIMUM LOAN-TO-COST (LTC)

COST IS PURCHASE PRICE AMOUNT

90%

WHEN DO WE USE LTV VS LTC?

Generally, we use the lesser of LTV or LTC calculation

REHAB/CONSTRUCTION FINANCING

Funding up to 100% construction budget up to % Approved LTV of Total Cost

PROPERTY TYPES

Non-Owner Occupied:

  • Single Family Residences (SFR)

  • 2-4 unit properties

  • Multi-family 5-20 unit properties

  • Mixed-use

  • Detached or townhouse style condos


Twin Bridge Capital offers a variety of ground-up construction loans for residential real estate investors. Whether you own a lot outright and need a loan to build a single-family home to flip or rent or you have a multifamily construction project, TBC can help. Contact us today to find out TBC's s ground up construction financing can work for your REI portfolio.  Call 302-478-7500