New Construction Loans

A new construction loan can be used to finance the acquisition of land, as well as the ground-up construction costs of a new development.
Property Types
Single Family Homes, Multifamilies, Condominiums, and Mixed Use Properties
Loan Amount 1
$200,000 – $3,000,000+
Starting Interest Rate
9.95%
Advance Rate on Purchase
50% of Land Purchase
65% of Permitted Land Purchase
Advance Rate on Construction Costs
100%
Maximum Loan to After Repair Value (LTARV)
65%
Term Length
Up to 18 months
Recourse
Full Recourse
Origination Points
2 – 3
Expected Closing Time 2
3 weeks
Appraisal
Desktop / Third Party
Prepay Penalty
No
Extension Available
Yes
Cross Collateral Accepted?
Yes
Minimum FICO
None
  1. On any single transaction
  2. This only reflects an expected closing time. Actual closing times vary.

This is not an offer to make a loan. Rates advertised are the lowest currently offered for qualified borrowers only. Actual rates and offers may change at any time at the discretion of RD Advisors. In addition, actual leverage, rates and other terms may vary based on approval criteria, including but not limited to FICO score, credit and background checks, previous experience, and period of ownership.

Broker-Dealer Services provided through Pickwick Capital Partners, LLC (www.pickwickcapitalpartners.com) – Member FINRA (http://www.finra.org) and SIPC (http://www.sipc.org) – 445 Hamilton Avenue, Suite 1102, White Plains, NY 10601914.358.3269.