Residential Construction Loan Program

Account Receivable

$150,000.00 – $5,000,000.00

Guarantee

Personal Guarantee

Documentation Type

Stated, Bank Statement, Full Documentation

Loan Types

Ground Up Construction

Maximum LTV

75% - 90% Purchase of Land
70% - 75% After Completed
90% - 100% Construction Value

Project Type

For Sale or Rental Only

Eligible Locations

Nationwide // 0 Experience Eligible with Experienced GC

Property Types

SFR, 2-4 Unit, Condos, Townhouses
SFRs & 2 – 4 Unit, 5 - 10 Multifamily, 10 – 500 MultiFamily
(Investor only – No owner occupied)

Interest Rate

7.0% - 11.99%

Credit Minimum

660 (Exceptions Case by Case)

Loan Points

2.00% - 5.00%

Term

12 – 24 Months

Prepay

None

Due Diligence Deposits

Appraisal Required
Due Diligence Costs Due At Underwriting

Submission Requirements

Application 1003 Form
General Contractor Plans & Draw Schedule
Credit Report, three bureaus with scores
Authorization for Credit Information

The Continental Finance Difference

Closings in 30 Days
Cross Collateralization Allowed
Flexible Underwriting
We Make Loans Happen