Ground up loans are perfect for experienced real estate investors who want to build brand new dwellings. Here is some more info:
Loan amounts: $100,000 to $3,000,000
Type of collateral: 1-4 units, shovel ready
LTC: up to 85%
ARV: up to 80%
FICO: 650+
Experience: 2 or more in the past 3 years
Term: 12 months with extensions possible
Expected turnaround time: instant approval, instant term sheet and proof of funds, 7 day close
Follow this link for more info: https://newsilver.com/hard-money-loans-ground-up/