New Silver

Ground up construction loans are specifically designed for experienced real estate investors looking to finance the construction of brand new dwellings from the ground up. These loans are ideal for projects that are ready to break ground.

Loan Amounts: Available from $100,000 to $3,000,000.

Eligible Properties: Properties with 1-4 units that are shovel ready.

Loan to Cost (LTC): Financing available up to 85% of project costs.

After-Repair Value (ARV): Up to 75%.

Credit Score Requirement: Minimum FICO score of 650.

Investor Experience: Must have completed 2 or more projects in the past 3 years.

Loan Term: 12 months, with potential for extensions.

Turnaround Time: Instant approval process including an instant term sheet and proof of funds, aiming for a closing time of approximately 7 days.

- Loan Amounts: Available from $100,000 to $3,000,000.
- Eligible Properties: Properties with 1-4 units that are shovel ready.
- Loan to Cost (LTC): Financing available up to 85% of project costs.
- After-Repair Value (ARV): Up to 75%.
- Credit Score Requirement: Minimum FICO score of 650.
- Investor Experience: Must have completed 2 or more projects in the past 3 years.
- Loan Term: 12 months, with potential for extensions.
- Turnaround Time: Instant approval process including an instant term sheet and proof of funds, aiming for a closing time of approximately 7 days.

Benefits of Choosing Our Ground up construction Loans

Speed and Simplicity: Complete your application online in just 5 minutes.

Immediate Documentation: Receive instant proof of funds and an instant term sheet upon application.

Flexible Payments: Benefit from interest-only payments throughout the loan term.

Rewards for Loyalty: Enjoy discounts if you are a repeat borrower with us.

Soft Credit Inquiry: Apply with the confidence of no hard credit pulls.

Transparency: Experience straightforward financing with no hidden or "junk" fees.

- Speed and Simplicity: Complete your application online in just 5 minutes.
- Immediate Documentation: Receive instant proof of funds and an instant term sheet upon application.
- Flexible Payments: Benefit from interest-only payments throughout the loan term.
- Rewards for Loyalty: Enjoy discounts if you are a repeat borrower with us.
- Soft Credit Inquiry: Apply with the confidence of no hard credit pulls.
- Transparency: Experience straightforward financing with no hidden or "junk" fees.

For more detailed information about our ground up construction loans, including application processes and terms, please visit our detailed guide: <a href="https://newsilver.com/hard-money-loans-ground-up/" rel="nofollow noopener noreferrer" target="_blank">Learn More About Ground Up Construction Loans</a>.