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:
877-783-2196
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 committed to turning your dreams into reality with our Residential Ground Up Construction Program. Whether you are a seasoned developer or a passionate self-builder, we are here to fuel your ambition.
We offer:
- A full 90% Loan to Cost that covers Land Acquisition and soft and Hard Construction Costs, giving you the flexibility you need to manage your project effectively.
- Funding for up to 70% of the After Completed Value. Your success is our success, and we aim to maximize the potential of your property.
But that's not all! We take experience seriously, and we're excited to support you if you have prior projects of similar size or if you have added significant square footage to a property.
Whether your project is in the heart of a bustling metropolis, a peaceful suburb, or even in a picturesque rural setting (on a case-by-case basis), we've got you covered. The best part? Our program mandates a minimum of 20% profit margin, ensuring your venture is always successful.
So why wait? 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.
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.