Ground Up Construction Loan Parameters 30% cash into the transaction (if there is a seller carry on the land the borrower will still need to come in with 20% cash) LTV for 12 month note Extensive rehab experience and or new home building. No first timers. Cash reserves of 10% on the cost of construction Cost based on the following Formula land cost soft cost (architect permits) hard construction costs (must include 10% contingency) 9 months pre-paid interest Must have an executed contract with a contractor reflecting the hard cost prior to close We fund in California in 14 30 Days Best Rates Direct in-house funding Email me your request with your contact info and let s get started
Category: Financial Services
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