Ground Up Construction Financing:
80 - 90% Loan to Cost
Ground Up
Construction Financing
Up to 70% of the After Completed Value.
Please submit the executed application form to processing@newrepublicfunding.com to begin the application and intake process.
- or -
Please feel free to contact our office at:
303-419-3147
Residential Ground-Up Construction Financing:
90% Loan to Cost up to 70% of the After Completed Value
If you're looking for a loan to build a non-owner-occupied residential property, townhome, or condo, we have some great options available. Our loans range from $50,000 to $5,000,000 and offer terms of up to 18 months. However, it's important to note that we do exclude certain property types, such as mixed-use or commercial properties. So, let's work together to find the best loan option for your needs and get you the support you need to make your vision a reality.
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Tier: | New Entrants | Emerging Developers | Seasoned Developers |
Experience: Deals Completed | 1 - 2 | 3 - 4 | 4 - 5 |
LTC: | 75% - 80% | 80% - 85% | 85% - 90% |
ARV: | 70% | 70% | 70% |
Rate: | 10.5% -11.5% | 10.5% -11.5% | 10.5% -11.5% |
Origination Fee: | 2.5% - 3% | 2.0% - 2.5% | 1.5% - 2.0% |
Term: | 12 - 18 Months | 12 - 18 Months | 12 - 18 Months |
FICO: | 680 Minimum | 660 Minimum | 640 Minimum |
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Looking for comprehensive construction financing? Look no further!
At NewRepublicFunding.com, we are devoted to transforming your dreams into reality with our Residential Ground-Up Construction Program. Whether you are a seasoned developer or an enthusiastic self-builder, we are here to ignite your ambitions.
We offer:
- A 90% Loan to Cost covering land acquisition and construction costs, giving you the flexibility to manage your project effectively.
- Funding for up to 70% of the After Completed Value to maximize your property’s potential.
We value experience and are ready to support you if you have prior projects of similar size or if you’ve significantly expanded a property.
Whether your project is in a busy city, a quiet suburb, or a rural area (on a case-by-case basis), we can help. Our program ensures a minimum profit margin of 20% for your success.
Let’s build your future, brick by brick, with the Residential Ground Up Construction Program at NewRepublicFunding.com!
The Process:
Step 1. Submit your application along with the initially requested documentation. - CLICK HERE TO APPLY NOW
Step 2. Affix your signature on the Letter of Interest.
Step 3. Acknowledge and sign the Disclosures.
Step 4. Schedule and conduct a Site Inspection/Appraisal.
Step 5. Send your application for Underwriting.
Step 6. Resolve all outstanding conditions.
Step 7. Accept the terms via a Conference Call.
Step 8. Mortgage documents are forwarded to the Title.
Step 9. Distribute the Settlement Statement and provide instructions for closing.
Step 10. Finalize the process with the Closing.