Bank Hard Money
888-297-4440
Interested in Hard Money Loans?
Bank Hard Money - Construction/Rehab Hard Money
CONSTRUCTION/REHAB LOAN PROGRAMS
Our sole purpose is to fund loans. More specifically, we exist to fill the gap where lending restraints have left many qualified applicants without access to funding. Our custom oriented underwriting approach allows us to not only focus on the numbers but on the entire applicant situation in order to provide an innovative financing structure that meets their needs. We work with clients and brokers alike to get the job done.
TYPES OF PROPERTIES
· Spec Construction, Owner Occupied Builder, or Investor Rehab Flipper
· Residential/Multi-Family/Commercial Property unfinished or under construction with approved plans
TYPES OF BORROWERS/PURPOSE
· Owner Occupied and Non-Owner Occupied
· Exit Strategy at your discretion: Refinance, Occupy or Sell the property upon completion
· Purchase Money + Construction
· Refinance + Construction
· Cash out to Construction
· Ground Up Construction
LOAN TERMS
· Construction and Rehab Loan LTV up to 65% of future value
· Construction loans up to $4.5 million NET for ground up or construction completion
· Loan decision based on future appraised value not purchased value
· Loan decision based on the quality of the project
· Reasonable Construction Periods
· Flexible Disbursal Schedule
· No Prepayment Penalties
· Non-FICO driven
· INTEREST RESERVE OK
