Construction Loans – e-constructionloans.com

4.125% @ 1 point, 30 Year Fixed single close construction loan. Lending off the “as completed” appraised one day after owning the vacant lot or current home to be rehabbed or torn down.
4.328 APR*
30 Year Fixed, with the first 12 or 18 months interest only on the amount drawn. Qualify at the start rate.
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3.625% @ 1 point, Lending off “as completed” appraisal 1 year after property ownership. 80% TO $2,000,000 loan amount.
4.312% APR*
5/1 ARM (fixed 5 years), 80% to $2M and 70% to $3M and 60% to $4M.
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5.0%% @ 1.75 points, Unique single close construction loan for a rental property 1-4 units. 80% of the “as completed” appraisal one day after the vacant lot or tear down purchase.
5.487% APR*
5/1 ARM (Fixed 5 years) 80% to $1,500,000
Using 75% of market rents on the rental units to help qualify. Add .5% to points for 2-4 units.
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5.75% @ 1.5 points for 18 months variable. This is 3.50% over the 1 month LIBOR (London Interbank Offered Rate). Current 1 month LIBOR less than 2.25%. Multifamily loans $20M+ would be 1% LOWER IN RATE with only 25% recourse. This is market leading.
6.279% APR*
Up to 75% LTC (loan-to-cost) when 65% LTV (loan-to-value) depending on the loan amount.
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5.75% @ 1.25 points for 15 months, construction loan only, for SPEC financing where the exit strategy is to sell the property. Experienced builder/developers.
6.646% APR*
Up to 80% loan-to-cost. This is Prime + .5% fixed with the Prime rate used being what it was at funding. When Prime goes up during construction, this loan stays fixed. Brokers welcome. Loan amounts under $400,000, add .25 points to fees. 18 months only 1.5 points, and if in and out in 15 months, you get .25 points back.
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* APR (Annual Percentage Rate) based on $500,000 loan amount, or program minimum loan amount.