Our private construction loans provide quick and efficient funding for building or rehabilitating residential or commercial properties. Similar to private money loans, these loans are beneficial for situations where a quick-close is needed or a self-employed borrower is involved. While loans are considered on a case-by-case basis, typically loans with a minimum of $200,000 in ‘held back’ funds are considered. Also, for the right borrower and project, we can lend almost all of the funds needed.
Reasons for Securing a Construction Loan
- Property needs work
- Property has weak income
- Weak borrower income documentation
- Has weak credit or income documentation
- Unusual situation or property