Empire Investments Ground Up Construction Loans
Explore financing solutions tailored for building 2-4 unit residential investment properties from the ground up.
Build Your Vision with New Construction Loans
Empire Investments offers Ground Up Construction Loans designed for investors looking to develop 2-4 unit non-owner occupied properties. This loan product provides quick, efficient financing to cover construction costs before transitioning into a long-term loan.
Details
- Approval based on ground up construction experience, cash for closing + 6 months reserves, credit, and income.
- Minimum requirement of 2 verifiably completed ground up projects within the last 12 months.
- Option to purchase land in advance or as part of the transaction.
- Experienced 1-4 family builders may qualify for a refund of up to 75% of the land purchase price.
- FICO score requirement ≥ 680.
- Loan term options: 12 or 18 months.
- 100% financing of construction costs.
- Up to 70% financing of purchase price.
- No Loan-to-Cost (LTC) cap.
- Liquidity requirements: cash for closing + 3-6 months reserves based on experience, credit, and income.
Overview :
Ground Up Construction Loans – No LTC Cap
Best For: Investors interested in land intended for ground-up building of 2-4 unit non-owner occupied properties seeking non-bank financing solutions.
Expand your real estate investment opportunities with 2-4 unit residential investment properties. Rehab Financial Group, the leader in rental and investment property lending, offers fast closings and practical underwriting. Our Ground Up Construction Loan provides a quick, smart, and effective alternative for financing construction costs before transitioning to a long-term loan.
Program Details:
Approval Criteria:
- Based on ground-up construction experience, cash for closing + 6 months reserves, credit, and income.
- Requires at least 2 verifiably completed ground-up projects within the last 12 months.
Land Purchase:
- Land may be purchased in advance or as part of the transaction.
- Experienced 1-4 family builders may qualify for a refund of the land purchase price (up to 75%).
Information:
- Closing Times: Typically 10-14 business days.
- Call for rate/program with FICO < 680.
- Loan Size: $75,000 – $1,500,000.
- Finance 100% of construction costs, 70% of purchase, up to 70% ACV (As Completed Value).
- For investors interested in land intended for ground-up building of 2-4 units.
- Your choice on the level of transaction involvement.
- Interest as drawn for construction > $100,000.
- Liquidity Requirements: Must have cash for closing + 3-6 months reserves based on experience, credit, and income.
- Experienced 1-4 family builders may qualify for a refund of the land purchase price (up to 70%).
- A 15% reserve of the rehab budget must be available. Contact us for details.
Additional Information :
- Accelerated Closing: Typical closing times of 10-14 business days.
- Flexibility in Financing: Finance up to 70% of the As Completed Value (ACV).
- Competitive Rates: Contact us for rate details if FICO score is below 680.
- Investor-Friendly: Designed for investors interested in developing 2-4 unit residential properties.
- Customizable Transactions: Choose your level of involvement in the transaction process.
- Interest Savings: Interest only on funds drawn for construction exceeding $100,000.
- Rehab Budget Support: Maintain a 15% reserve on the rehab budget, ensuring smooth project financing.
More Loan Programs
Partner with Empire Investments Today
Appointment
Let's Talk with a Lending Specialist
Connect with our expert lending specialists today to explore your financing options. At Empire Investments, we’re committed to guiding you through every step of your loan journey with personalized care and expertise.
- Every Step Of The Way
Our team is dedicated to supporting you throughout the entire loan process, ensuring transparency and clarity at every turn. Whether you’re refinancing or purchasing a property, count on Empire Investments to be your trusted partner.
- Dedicated Loan Concierge
Experience personalized service with our dedicated loan concierge who will tailor financing solutions to meet your unique needs. From initial consultation to closing, we’re here to streamline your experience and maximize your investment potential.
- Flexible Rates & Low Fees
Benefit from competitive rates and minimal fees designed to optimize your financial outcomes. At Empire Investments, we offer flexible financing options that align with your budget and investment goals, ensuring affordability and profitability.
Make an Appointment
Schedule a consultation today with one of our experienced lending specialists. We’re committed to helping you achieve your real estate investment goals with tailored solutions and exceptional service.
How It Works
Streamlined Process for Your Rental Loan
At Empire Investments, we’ve simplified the rental loan process to ensure a smooth and efficient experience. Discover how easy it is to secure financing for your rental properties with our four-step process.
Our Partners :
